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chloe paddington

Phoebe Philo to Helm Celine

Filed under: Apparel

It's been two long years since famed Chloé resuscitator Phoebe Philo left the studio to focus on her family. But come October, Philo will take over as Creative Director at Celine, in a move that parent co. LVMH hopes will again breathe new life into a flagging luxury brand.

Credited for designing perhaps the mother of all It-bags, the Chloé Paddington, Philo started out as Stella McCartney's assistant at Chloé before McCartney left to design her own eponymous line. And like everything in fashion, Philo's appointment makes whatever happens at fashion week (which starts today in New York) feel like old news. She'll present her first collection for Celine in March 2009.

Forbes' Most Expensive Handbags

Filed under: Handbags

While not ever one might be stricken with handbag lust, after long runs of popular, fashion forward shows like Sex in the City, it is certainly a well known affliction. Most of us are content to settle for bags in our price range, but for those who have no price range, a five-figure handbag is the ultimate in luxury and style. Forbes' put together a list of the top ten most expensive handbags, all of which seem to be in crocodile. The list includes the $27,700 black crocodile Fendi B bag, the $18,990 YSL Muse bag in white crocodile, $15,000 Zac Posen Alexia in blue croc and the $12,880 chocolate croc Chloe Paddington bag. Set aside your lust and be content with handbag envy: view the full slide show here.

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