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.



Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
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Nike's New CEO Plans to Go Back to Basics in Brand Overhaul Effort

The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)
The Nike swoosh logo is seen outside the store on 5th Ave in New York, New York, US, March 19, 2019. (Reuters)

Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries.

The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller's quarterly results beat market estimates.

Hill, in his first public address as CEO on the post-earnings call, said Nike had "lost its obsession with sport" and vowed to put it back on track by refocusing on sport and selling more items at premium prices, Reuters reported.

"The recovery is going to be a multi-year process, but he(Hill) seems to be going back to the roots, back to Nike being Nike," said John Nagle, chief investment officer at Kavar Capital Partners, which owns Nike shares.

"(Hill plans to shift focus) away from some of the streetwear and fashion that had taken over the brand, the heavy discounting and the neglect of retailers. Just taking it back to what worked," Nagle said.

Hill, who was with Nike for more than three decades, returned as CEO in October to revive demand at the firm that has been struggling with strategy missteps that soured its relations with retailers such as Foot Locker.

Earlier this month, Foot Locker CEO Mary Dillon said Hill was "taking the right actions for the brand" and the retailer was "working closely" with Nike to emphasize newer sportswear styles, including Vomero and Air DT Max.

"(The retailers) they want us to get back to being Nike, and they want us to have the unrelenting flow of innovative products... and they want us to get back to delivering bold brand statements that help drive traffic," Hill said.

The company's market share dwindled as rival brands, including Roger Federer-backed On and Deckers' Hoka , lured consumers with fresher and more innovative styles.

Hill also highlighted that a lack of newness led Nike to become too promotional and said he plans to shift to selling more at full price on its website and app.

"With another half year of franchise management coupled with investment to reinvigorate the brand, we believe the next four quarters could be the worst of the margin erosion and earnings per share reductions," Barclays analyst Adrienne Yih said.

At least seven brokerages cut price targets on the stock with some analysts pointing to the lack of a clear timeline for Nike to return to growth.

Shares of Nike, which have lost about half of its value in the last three years, were down nearly about 2% in early trading on Friday.

Nike's forward price-to-earnings ratio for the next 12 months, a benchmark for valuing stocks, was 27.53, compared with 33.47 for Deckers and 32.32 for Adidas.

"A rudderless ship now has a rudder, and a sailor who knows how to drive it," said Eric Clark, portfolio manager at the Rational Dynamic Brands fund that owns Nike shares.