Your Morning Fashion and Beauty Report: Princess Beatrice's hat sells for big bucks. Rihanna makes a classy entrance at the Billboard Awards. Jimmy Choo changes hands.
Jimmy Choo is being sold to Labelux GmbH, a German luxury goods holding company that also owns Bally shoes, clothier Derek Lam and jeweler Solange Azagury-Partridge. Choo, which was founded in 1996 and rose to fame when its stilettos were featured on HBO's "Sex and the City," has changed hands three times in seven years. [Wall Street Journal] (Subscription required)
Rihanna looked sedate and elegant when she arrived at the Billboard Awards in Las Vegas on Sunday night, wearing a white blouse, white jacket, white trousers and nude Christian Louboutins. But it was a different story when she performed her hit "S&M" onstage with Britney Spears. Then the fishnets, thigh-high boots and leather corset came out. Still in white, though. [Telegraph]
We've got more pictures from the awards over on The Envelope (including the one of Rihanna and Spears in their "S&M" costumes).
The much-talked about Philip Treacy hat Princess Beatrice of York wore to the royal wedding, below, fetched $130,000 on eBay, sold to an anonymous buyer. Proceeds will go to benefit UNICEF and Children in Crisis. We think selling the hat shows that the princess has both a sense of humor and a heart. [People]
Balmain plans to launch a new diffusion line, Pierre Balmain, with a first collection scheduled for Spring/Summer 2012. The line will skew younger than the traditional Balmain brand. [Telegraph]
It's worth watching Beyonce's new music video for "Run the World (Girls)" for the clothes alone. The singer wears seven different designer outfits, including Alexander McQueen, Gareth Pugh, John Paul Gaultier, Emilio Pucci and Normal Kamali. She even walks hyenas on a leash, clad in a cream couture gown by Givenchy. [Telegraph]
Prada got the official go-ahead for its initial public stock offering on the Hong Kong Stock Exchange, expected to take place June 23 or 24. The company plans to sell a 20% stake. [The Cut]
Photo: Left, Rihanna looking elegant on Billboard Awards red carpet. Credit: Reuters. Princess Beatrice, at the royal wedding, in the Philip Treacy hat that fetched a pretty penny at auction. Credit: Getty Images