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The Fashion Statement: What is One Luxury You Won't Give Up?

Filed under: The Fashion Statement

Here at the spring shows in Bryant Park, there's a lot of waiting. Waiting in lines to get in. Waiting for shows to start. Waiting to exit.

We decided to put all that waiting to good use and ask fashion show attendees what is the one luxury they won't do without, even in tough times. What came back was answers more varied than the colors of spring, ranging from a BMW to a cup of coffee at Starbucks.

The majority chose little luxuries that had to with their person: manicures and pedicures, hair cuts, hair highlights, makeup and massages.

"Teeth bleaching!" offered Wendy Evankovitch, a pediatric dental assistant. "Chiropractor," said makeup artist Szilvia Varrs.

But there were some random answers, too. Nancy Mammana, who owns Rock Media Entertainment, won't do without dance lessons. Zachary Weiss, an intern for publicist Lizzie Grubman, said it was his needlepoint belt by Tucker Blair he splurged on recently. He was wearing it today.

Sadly, clothing was not the first word rolling off tongues, an indication of how difficult a time the industry has had lately. Accessories have had it a little easier.

Violet Xie, a fashion student, said vintage jewelry is her one shopping allowance because it can pump up a simple ensemble.

"I love handbags," said Jordan Brodsky, a college grad looking for a job in fashion, sporting a bright blue number from Michael Kors. "No matter how much weight you gain, they'll always fit you."

What about you? What is the one luxury you won't give up?

Starbucks Puts The Corporate Jet Up For Sale

Filed under: Wings


Well that was fast, Starbucks had their new corporate jet for less than a month before succumbing to economic pressures and putting it up for sale. Aero-News Network reports that the company had less than 20 flights on the new Gulfstream G550 before putting it up for sale with Avpro. The news comes as Starbucks reported lower earnings and plans to close more stores.

The $45 million Gulfstream 550 was ordered four years ago during boom times for the coffee company. Unlike Citigroup and other companies on the hot seat for private jet usage, Starbucks hasn't asked for federal funds. The company has also been trying to sell off its Gulfstream G-V. Now Starbucks just has to find a willing buyer.

Starbucks Picks Up New Corporate Jet

Filed under: Wings


We are coming off a bad year for companies and their private jets so it's a bit startling to see Starbucks, a company which has closed hundreds of locations and cut thousands of jobs, take delivery of a new jet. The Seattle Times reports that Starbucks bought a $45 million Gulfstream 550 to add to their corporate fleet. The company ordered the jet three years ago in less austere times. A spokeswoman said that the company decided it would be too expensive to cancel the order. In order to cancel the contract, it would have cost around $5 million plus the forfeit of payments already made. This new plane brings the Starbucks fleet up to three including a seven-year-old Gulfstream V that it is trying to sell. According to Bob Zuskin, a consultant at Jet Perspectives, that plane could have brought in $45 million six months ago but would now be more likely to fetch a price in the $32-34 million range. The new jet spent its first two weeks under Starbucks ownership in Hawaii on a trip that was, according to Starbucks spokeswoman Deb Trevino, a "combined personal and business trip."

Starbucks is far from alone in keeping a private plane or two, as we saw recently even the embattled financial firms are holding onto their fleets.

Starbucks Unveils $599 Espresso Machine

Filed under: Gadgets


Bryant Simon, author of the upcoming book Consuming Starbucks, believes that your daily fix of Starbucks coffee is a gift you give yourself. And the more expensive the gift, the more you love yourself. With high hopes that you love yourself very much, Starbucks has introduced their new Sirena espresso maker. Co-developed with BMW's design team, this machine isn't the most expensive Starbucks offers, but it will set you back a hefty $599. Available at 2,100 suburban Starbucks stores as well as online, the Sirena features the Rapid Steam Boiler system and a commercial quality portafilter with an adapter that adjusts to the coffee's grind. At 15" tall, it is small enough to fit nicely on your counter and promises to produce the perfect shot of espresso every single time.

Schultz Tops Executive Perk List

The Puget Sound area of Washington State is home of some of the largest publicly traded companies in the US, including Starbucks and Microsoft. The Seattle Post-Intelligencer compiled a chart to compare the salary and other benefits of executives in that part of the country and Starbucks chairman Howard Schultz eclipsed the competition with $104 million in executive perks. One standout in the list of perks was the expense of his personal travel expenses in Starbucks company aircraft. Schultz racked up a bill of $475,685 last year - four to eight times what the average public company gives to their execs. As a contrast, Starbucks CEO James Donald only spent about $11,000 on personal travel perks on company aircraft. Starbucks has two jets, a 2002 Gulfstream GV and a 2004 Bombardier Challenger 604.


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