Elizabeth Taylor's 'Lucky Charm' Oscar Dress Found in Suitcase in London

A Christian Dior dress worn by Elizabeth Taylor at the 1961 Oscars was discovered in a suitcase in London after more than 50 years Daniel LEAL AFP
A Christian Dior dress worn by Elizabeth Taylor at the 1961 Oscars was discovered in a suitcase in London after more than 50 years Daniel LEAL AFP
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Elizabeth Taylor's 'Lucky Charm' Oscar Dress Found in Suitcase in London

A Christian Dior dress worn by Elizabeth Taylor at the 1961 Oscars was discovered in a suitcase in London after more than 50 years Daniel LEAL AFP
A Christian Dior dress worn by Elizabeth Taylor at the 1961 Oscars was discovered in a suitcase in London after more than 50 years Daniel LEAL AFP

A "lucky charm" Christian Dior dress worn by Elizabeth Taylor on the night she won best actress at the 1961 Oscars is to be sold at auction next month, after being stored in a suitcase in London for over 50 years.

It had been assumed the floral print gown with a crimson silk bloom at the waist was already in the Christian Dior archive in Paris, AFP said.

In fact, the gown -- along with 11 other garments owned by the star -- had been carefully stored in a large plastic suitcase in her former personal assistant's spare room since 1971.

Taylor, accompanied by fourth husband Eddie Fisher, wore the dress designed by Marc Bohan for Dior to the 33rd Academy Awards.

Her relationship with Fisher, whom she was accused of stealing from actor Debbie Reynolds, was considered a scandal and had sparked a storm of negative publicity.

The outcry had left Taylor convinced she would not win, said Kerry Taylor, whose specialist vintage fashion auction house is selling the dress.

"She had been the bridesmaid and never the bride at the Oscars and on this occasion she really didn't expect to win having been passed over before and having had all the negative press over Eddie Fisher," she told AFP.

After her Oscar triumph, the star came to regard the dress as "something of a lucky charm" and took it with her all over the world.

"Elizabeth Taylor was still taking this dress from place to place with her after 10 years. She didn't wear it on other occasions, she just liked to have it with her," Taylor said.

'Just second hand dresses'
The garments in the suitcase were among a large number gifted to former employee Anne Sanz, whose husband Gaston worked as Taylor's chauffeur and bodyguard.

The couple travelled the world with the actor and her fellow Hollywood star husband Richard Burton at the height of their fame in the 1960s and 70s.

But despite the Dior dress's sentimental value, by 1971 Taylor's travel wardrobe was sometimes running to 40 huge suitcases and she was happy to let it go.

The actor opened up her wardrobe at London's Dorchester Hotel one day in 1971, telling Sanz "take whatever you like!"

Taylor had also given Sanz a white cocktail dress and matching bolero for her wedding.

Other items due to be sold include Tiziani haute couture by Karl Lagerfeld and a "black widow" robe Taylor wore in the 1967 film "Boom", also by Lagerfeld.

Taylor and Burton were godparents to the Sanz's daughter Elizabeth but Anne and Gaston quit after their star employers' second separation, torn over who to continue working for.

Over the years, Sanz wore a couple of the dresses and gave others away to friends and family, never regarding them as particularly significant or valuable.

"Anne obviously wore the white matelasse dress for her wedding and there was one other dress that she wore -- a yellow and blue dress with matching coat," Kerry Taylor said.

"But in a sense, these were just second-hand dresses that belonged to Liz Taylor. So what? This was before celebrity mentality became the thing," she added.

The auction at which the Dior Oscar dress is expected to fetch between £40,000-60,000 ($48,000-$73,000) will take place in London on December 6.



Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
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Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters

The founding family of Italian fashion house Etro has sold the minority stake it still owned in the brand to a group of investors including Turkish group RAMS Global, the company said on Friday.

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner and "will continue to actively support the brand's long-term growth strategy," Etro added, according to Reuters.

The new investors comprise also Italian fashion group Swinger International and small private equity firm ⁠RSI.

In addition to buying the stake, they all subscribed to a capital increase that will lower L Catterton's holding in Etro to between 51% and 55% from around 65%.

When including both the acquisition and the capital increase, the deal is worth around 70 ⁠million euros ($82 million), two sources close to the matter said. Etro did not disclose financial details.

Chief Executive Fabrizio Cardinali will remain at the helm, while Faruk Bülbül, representing RAMS Global, will become chairman of the board.

L Catterton bought a 60% stake in the brand known for its paisley motif four years ago, and it slightly increased the holding over the years.

The company, founded by Gimmo Etro in 1968, has ⁠been struggling with its turnaround. Last year it posted a net loss of 23 million euros with net revenues declining to 245 million euros from 261 million euros, according to filings with the local chambers of commerce reviewed by Reuters.

Rothschild advised L Catterton and the Etro family on the deal.

Rothschild had been hired in 2024 to look for a new investor who could buy all or part of the Etro fashion group, sources had previously told Reuters.


Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
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Paris Court Rejects Bid to Suspend Shein Platform in France

A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo
A customer holds shopping bags with a Shein logo in the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS/Sarah Meyssonnier/File Photo

A Paris court on Friday rejected a government request to suspend Chinese fast-fashion platform Shein in France after authorities found illegal weapons and child-like sex dolls for sale on the fast-fashion giant’s website.

Shein welcomed the decision, saying it remains committed to strengthening its control processes in cooperation with French authorities.

“Our priority remains protecting French consumers and ensuring compliance with local laws and regulations," the company said in an emailed statement to The Associated Press.

The controversy dates to early November, when France’s consumer watchdog and Finance Ministry moved toward suspending Shein’s online marketplace after authorities said they had found childlike sex dolls and prohibited “Class A” weapons listed for sale, even as the company opened its first permanent store in Paris.

French authorities gave Shein hours to remove the items. The company responded by banning the products and largely shutting down third-party marketplace listings in France.

French officials have also asked the European Commission to examine how illegal products were able to appear on the platform under EU rules governing large online intermediaries.


Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
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Lululemon Jumps on Elliott's $1 Billion Bet Ahead of Leadership Change

FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo
FILE PHOTO: A logo is displayed inside a Lululemon outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. REUTERS/Hollie Adams/File Photo

Lululemon Athletica shares rose nearly 8% in early trading on Thursday after reports Elliott Management has built a $1 billion stake in the athleisure wear maker and is working with former Ralph Lauren executive Jane Nielsen for a potential CEO role.

The Canada-based retailer said last week that Calvin McDonald will step down after nearly seven years as its top boss, sparking hopes for a leader who can reverse slowing growth and win back younger shoppers amid fierce competition from trendier players like Alo and Vuori. The stock has lost nearly half of its value this year, underscoring investor concerns over Lululemon's struggles. The company's shares were trading at $224 on Thursday.

"Elliott is famous for agitating for change. These positions aren't built overnight, so Lululemon's board probably saw this coming," said Brian Jacobsen, chief economic strategist, Annex Wealth Management.

The activist investor has been working closely for months with Nielsen, a retail veteran, a source told Reuters on Wednesday. Nielsen, who sits on the board of Cadbury parent Mondelez, has also served as finance chief at Tapestry-owned Coach.

"Lululemon is one of the most powerful brands in retail, defined by exceptional products, deeply engaged communities and significant global potential," Nielsen said in a statement to the Wall Street Journal. "I would welcome the chance to discuss this opportunity with the Lululemon board."

Elliott, Lululemon and Nielsen did not respond to Reuters requests for comment.

Analysts have said the company will need to upgrade its fabrics, use fresher designs and accelerate product launches that click with Gen Z to reclaim its "cool factor" and lure shoppers back.

With much of its sourcing tied to Asian factories facing higher import duties, Lululemon will also need to streamline its supply chain to blunt US tariff pressures and protect margins next year, analysts have said.

"Lululemon should implement fast fashions and introduce an assortment that will pull customers from Alo and Vuori - especially Gen Z customers.

Fast fashion requires a much better supply chain than is currently in use at Lululemon," said Brittain Ladd, a strategy and supply chain consultant at Florida-based Chang Robotics.

The brand's struggles have drawn sharp criticism from founder and largest individual shareholder Chip Wilson. He has also called for an urgent CEO search, led by new, independent directors with deep company knowledge to restore a product-first focus.

Wilson did not respond to a Reuters request for comment.

With a 4.3% ownership, Wilson's stake is valued at about $988 million, according to LSEG data, making Elliott one of the top shareholders in Lululemon, which is valued at nearly $25 billion.

Lululemon trades at a forward price-to-earnings ratio of 16.37, while Gap trades at 11.88 and American Eagle at 16.81, according to LSEG data.