If you look at the cost of parking your car at the airport, you will realize that it is higher than what you would be charged in other parts of the city. This is a trend that is common in almost every part of the world. It is one thing that has got many people complaining especially those who do not understand why this has to be so. Considering the fact that the difficult economic times make everyone want to spend less and save, it is important to shed some light on this matter. So, why is airport parking so expensive?

The truth is that the amount that is charged to everyone who parks their car at the airport is justifiable. This is not one of the ordinary parking slots that you can just find in any part of the city. There are many things that are special when it comes to Tullamarine airport parking1318828139840[1] and this is the reason why there is a significant increase in the charges. You only need to take your car there for sometimes, see how it will be taken care of and the condition that you will find it in when you go back to pick it to understand that indeed, the rates are justifiable.

One thing that sets airport parking slots apart from the many others that you are likely to find elsewhere is the level of security. When you park your car at the airport, one thing that you can be sure of that it will be well secured. Things such a burglary or any other form of theft will not be witnessed here. This is attributed to the fact that there are special security people at the airport who take care of everything. You can easily spot them as they keep vigil in every corner. It therefore means that it will be very difficult for anyone to try anything stupid on your parked car.

You need to understand that these special security people are paid a salary. It is upon the Tullarmarine airport management to ensure that there is enough salary to pay them. Truly speaking, there is no legitimate way to get their wages if not to charge you, who are the owner of the car that they are taking care of. You do not expect to get all that special security and then end up paying just the same amount like another person who is putting their vehicle at risk. The fact that you can park the car at the airport and travel overseas and then come back and find it perfectly fine makes the whole thing even better.

Another reason why people pay more for parking at the airport is that this is a busy place. There definitely are many people who travel through these points. There are those who are driving in as others drive out. Therefore, you should know that as you occupy that parking slot, there is another person who desperately wants to use it. It therefore can only be fair if you pay a little more than what is normal.

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Oscar de la Renta Dies at 82

– businessoffashion.com

NEW YORK, United States — Oscar de la Renta, the Dominican- born fashion designer who spent more than 50 years dressing royalty, Hollywood celebrities and U.S. first ladies from Jacqueline Kennedy to Hillary Clinton, died yesterday, the New York Times reported. He was 82 years old.
His death was confirmed by his wife, Annette de la Renta, according to the Times…

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STOCKHOLM, Sweden — Asos Plc reported its first annual profit decline in three years as the U.K.’s biggest online-only fashion retailer spent more on logistics and technology and after a fire at a warehouse disrupted operations.
Pretax profit fell 14 percent to 46.9 million pounds ($76 million) in the 12 months through August, the London-based company said in a statement today…

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“The Asian Luxury Market Is Stumbling” (AFP)
“Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms.”
“China’s Alipay Offers EPass Payment Service for U.S. Retail Websites” (LA Times)
“China’s 500 million online shoppers will soon have an easier way to shop in the U…

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ZURICH, Switzerland — Swatch Group AG, the biggest Swiss watchmaker, said it doesn’t rule out forming agreements with consumer-electronics companies to help produce smartwatches amid increasing competition in timepieces with more functions.
“We already work with a lot of them as a supplier of various strategically important components,” Beatrice Howald, a spokeswoman for Swatch, said in an e-mail, adding that the company has all the necessary technologies for a smartwatch…

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NEW YORK, United States — J. Crew Group Inc. Chief Executive Officer Mickey Drexler thought about jumping into the athletic trend in apparel and decided to sit it out.
Drexler said the company considered making sports and yoga clothing, similar to gear made popular by Under Armour Inc. and Lululemon Athletica Inc…

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LONDON, United Kingdom – This week, we are delighted to welcome three new companies to BoF Careers, the global marketplace for fashion talent. Mario Testino’s photography has been featured across the globe in magazines such as Vogue and Vanity Fair. The superstar lensman also works closely with leading fashion houses like Burberry, Gucci, Versace, Calvin Klein, Salvatore Ferragamo and Michael Kors to craft their image…

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BEIJING, China — Chinese e-commerce giant JD.com Inc said it had launched its warehouse and logistics initiative, ahead of China’s biggest online shopping event which produced sales of $1.6 billion for the firm last year.
The initiative is part of a $1 billion push to expand storage and processing facilities in China, where JD…

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Fondation Louis Vuitton Takes Flight

– businessoffashion.com

PARIS, France — A handful of antique leather Louis Vuitton trunks protrude from the wall ten metres above the dining tables at Le Frank, the restaurant at the soon-to-open Fondation Louis Vuitton, the brand’s museum-like centre for art, situated in the Bois de Boulogne, a park on the western edge of Paris…

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Fashion At Work: Virginie Mouzat

– businessoffashion.com

LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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LONDON, United Kingdom — Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what’s bad for public stock markets may be good for private equity firms.
Having started the year with a record $1 trillion cash pile, private equity funds have found few chances to spend it, despite pressure from investors wanting them to put the money to work…

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PARIS, France — Compagnie Financiere Richemont SA, which sells Cartier watches and other luxury brands, won a U.K. court ruling that orders Internet providers to block websites selling counterfeit goods, in what a judge said was one of the first cases of its kind in Europe.
Judge Richard Arnold said British Sky Broadcasting Group Plc, BT Group Plc and other providers should “block, or at least impede, access” to six sites including which offers what it describes as cheap replicas, according to the 266-page ruling…

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LONDON, United Kingdom – BoF compiles the most important professional moves of the week.
Oscar De La Renta Confirms Peter Copping
After months of speculation, Oscar de la Renta is handing the creative direction of his namesake brand to Peter Copping, effective November 3rd. According to the American fashion house, Copping, 48, will be responsible for setting “the design direction across all product categories” and report directly to Oscar de la Renta and Alex Bolen, the company’s chief executive officer…

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SAN FRANCISCO, United States — In Silicon Valley, amidst a start-up scene dominated by founders in their twenties, Julie Wainwright, 57, is something of an anomaly: an Internet veteran who helped to pioneer e-commerce in the late 1990s, first as CEO of Reel.com and then as CEO of Pets.com, which became something of a poster child for the ‘dotcom’ boom and bust…

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PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, is confident it can adapt to deteriorating market conditions, particularly in China, according to billionaire Chairman Bernard Arnault.
“The group has always been at its best economically during tough times,” Arnault said today in an interview with Bloomberg Television at a preview of the new Fondation Louis Vuitton contemporary art museum in Paris…

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NEW YORK, United States — Urban Outfitters Inc. shares plunged as much as 18 percent in late trading after the company said a sales slump has persisted in the third quarter, threatening to squeeze the retail chain’s profit.
Lower-than-expected sales may put more pressure on Urban Outfitters’ gross margin than in the first half of the year, the Philadelphia-based company said today in a statement…

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“Smile! Marketing Firms Are Mining Your Selfies” (The Wall Street Journal)
“Most users of popular photo-sharing sites like Instagram, Flickr and Pinterest know that anyone can view their vacation pictures if shared publicly. But they may be surprised to learn that a new crop of digital marketing companies are searching, scanning, storing and repurposing these images to draw insights for big-brand advertisers…

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MILAN, Italy — When Paula Cademartori, an industrial design student from the small city of Porto Alegre in Southern Brazil, decided to pursue a career in fashion, in her mind, there was only one place to go. The 21-year-old spent a year learning Italian, jumped continents and began a master’s degree in accessory design at Istituto Marangoni in Milan…

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Fashion At Work: Derek Blasberg

– businessoffashion.com

LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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You can find the correct answer and detailed explanation for each question immediately following the question (simply highlight to read), along with all the answers at the end of the quiz. Good luck!
Question 1: Who said, “So women, for me, buy shoes to seduce the men, but they buy bags to show other women how powerful they are”?
a…

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LONDON, United Kingdom — As Miu Miu grows in size and scale, the need to clearly distinguish the brand from Prada has become a much-discussed topic at the company’s Milan headquarters. Over the past few seasons, there has been talk — as yet unfounded — that Miu Miu’s communications department and, crucially, its design studio were to move from Milan to Paris, where the label presents its runway shows…

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LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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SAN FRANCISCO, United States — EBay Inc trimmed its full-year revenue forecast on Wednesday, signaling a weaker-than-expected holiday shopping season for the e-commerce company as it prepares to split from its fast-growing payments arm, PayPal.
EBay’s report comes as weak economic data from the United States and China fan fears of a global slowdown, forcing investors to re-examine the world economy only just emerging from one of the worst recessions in history…

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LOS ANGELES, United States — American Apparel Inc., which was threatened with default after the ouster of Chief Executive Officer Dov Charney in June, plans to take another step toward stability today by paying interest on its bonds, according to people familiar with the situation.
The Los Angeles-based chain will make a payment of about $13 million by today’s due date, according to the people, who asked not to be identified because the matter isn’t public…

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NEW YORK, United States — The Stuart Weitzman showroom, located in a nondescript office building next to the brand’s flagship on Madison Avenue, is impressive in its vastness. Every colour, make and material of shoe is on display: rows of above-the-knee boots, shelves of hidden-platform pumps and a corner devoted to the Nudist, a thin-strapped sandal with a 4…

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There are few sectors of the economy that offer as wide and interesting a range of career opportunities as fashion. In a new series that coincides with the launch of BoF Careers, the global marketplace for fashion talent, we highlight some of the industry’s most interesting jobs and the talented people who do them…

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Super Mario World

– businessoffashion.com

LONDON, United Kingdom — Superstar photographer Mario Testino can shoot a close-up of a Brazilian beach boy displaying an erection through the fabric of his tracksuit bottoms with the same confidence and élan as he can take a portrait of the beautiful but vulnerable Princess Diana, rendering her as glamorous as any of the great Hollywood goddesses of the past with a hand as assured as Boldini…

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PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported third-quarter revenue that met analysts’ estimates as improved growth in Europe and the U.S. compensated for slowdown in Asia.
Revenue advanced 5.7 percent to 7.4 billion euros ($9.4 billion), Paris-based LVMH said today in a statement…

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Fashion At Work: Tim Blanks

– businessoffashion.com

LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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NEW YORK, United States — Nordstrom Inc., the retailer planning to open its first New York City store on Midtown’s West 57th Street, is seeking space in lower Manhattan for a second location, brokers from CBRE Group Inc. said.
Executives of the Seattle-based department store chain have approached landlords of South Street Seaport and 1 Wall St…

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MOUNTAIN VIEW, United States — Google Inc. expanded its online shopping and delivery services to more U.S. cities as it challenges Amazon.com Inc. to win customers.
Chicago, Boston and Washington D.C. have been added to the Google Express service with more than 7 million people able to access its same-day delivery option, according to a company blog post…

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LONDON, United Kingdom — Burberry Group Plc, the U.K. maker of $995 duffle coats, reported first-half sales sales that met analysts’ estimates as online marketing initiatives helped cushion slowing Chinese and Russian demand.
Retail revenue rose 8 percent to 748 million pounds ($1.2 billion) in the six months through September, London-based Burberry said today in a statement, slowing from 9 percent in the first quarter…

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NEW YORK, United States — A customer browses the racks of her favourite store, pausing now and again to peek at a label or a price tag. Eventually, she finds something — or a few things — she likes and heads to a dressing room. Not everything works. A pencil skirt is too roomy in the hips; the colour of a shift dress is less than flattering…

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BANGLADESH — Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part of an initiative launched after a building collapse last year killed more than 1,100 workers.
The Accord for Fire and Building Safety in Bangladesh is seeking remedial action after identifying more than 80,000 safety issues, while the country’s $22 billion garment industry grapples with slowing export growth as buyers turn to India, Myanmar, Vietnam and Cambodia because of concerns over workshop safety, higher wages and political instability…

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Fashion At Work: Nicola Formichetti

– businessoffashion.com

LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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The Frieze Effect

– businessoffashion.com

LONDON, United Kingdom — In 2003, the Frieze art fair launched as a modest event in a large tent in London’s Regent’s Park. But twelve years on, the fair and its sibling event, Frieze Masters, attracts 70,000 visitors from around the world and has become the centrepiece of a week-long, city-wide programme of art events…

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Fashion At Work: Suzy Menkes

– businessoffashion.com

LONDON, United Kingdom — During Paris Fashion Week, The Business of Fashion and i-D unveiled ‘Fashion At Work,’ a short film directed by Aaron Rose, starring members of the BoF 500. Each day over the following weeks, key figures from the film have been discussing their reflections on working in the global fashion industry…

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Global Gatekeepers

– businessoffashion.com

LONDON, United Kingdom — Two thousand years ago, Emperor Caesar Augustus erected a towering monument under Rome’s Temple of Saturn called the Miliarium Aureum. This gold-covered marble monolith stood as testament to the fact that all roads in the vast expanse of the Roman Empire converged on one single point…

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MILAN, Italy — Luxottica Group SpA, the world’s largest eyewear maker, slumped in Milan trading after losing its second chief executive officer in little more than a month.
The shares fell as much as 10 percent to 36.86 euros, the steepest intraday drop since Oct. 27, 2008. They traded at 37.27 euros as of 9:26 a…

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You can find the correct answer and detailed explanation for each question immediately following the question (simply highlight to read), along with all the answers at the end of the quiz. Good luck!
Question 1: Who said, “I’d rather walk down the street naked than join Facebook”?
a. Miuccia Prada
b…

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LONDON, United Kingdom — BoF compiles the most important professional moves of the week.
John Galliano Joins Maison Martin Margiela
Controversial fashion designer John Galliano returned to the fashion world on Monday, joining Maison Martin Margiela as creative director, three years after he was ousted from Christian Dior…

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LONDON, United Kingdom — The fashion world found itself divided this week as Maison Martin Margiela, along with the brand’s owner, the Italian billionaire Renzo Rosso, announced that it had appointed John Galliano to the role of creative director. While the response on social media to Mr Galliano’s return — and indeed here in the comments on BoF — was generally positive, for many fashion insiders the case wasn’t nearly so clear cut…

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NEW YORK, United States — Gap Inc. fell the most in more than three years after saying it will replace Chief Executive Officer Glenn Murphy, who was credited with reviving the apparel maker during his seven-year tenure, and posting disappointing September sales.
The shares slid 12 percent to $36…

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LONDON, United Kingdom — For all but the most well capitalised young brands, opening physical retail stores is cost-prohibitive. With online sales of apparel and accessories growing faster than any other product category except consumer electronics, e-commerce offers emerging fashion labels a more attainable path to a lucrative direct-to-consumer retail channel…

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LONDON, United Kingdom — While the impact of Burberry’s digital innovation story may be cooling as a public relations message, the British brand remains the global leader in digital luxury amidst a luxury market full of laggards, found a report released by financial services firm Exane BNP Paribas that graded leading luxury brands on their digital reach and customer experience…

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WASHINGTON, United States — Amazon.com Inc, the online juggernaut whose rapid expansion helped derail many a brick-and-mortar retail chain, may soon open its first physical store, at a prime site in Midtown Manhattan, according to The Wall Street Journal.
Amazon plans to open its first full-fledged store across from the Empire State Building, at 7 West 34th Street, the Journal reported…

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“How Technology is Transforming the Cosmetics Industry“ (Telegraph)
“With 87 per cent of people expected to be shopping online and 45 percent via mobile phones by 2020, cosmetics companies need to use the most advanced technology available to introduce products to digital consumers.”
“Wearable Technology That Feels Like Skin” (The New York Times)
“Many of these technologies don’t look anything like today’s gadgets…

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There are few sectors of the economy that offer as wide and interesting a range of career opportunities as fashion. In a new series that coincides with the launch of BoF Careers, the global marketplace for fashion talent, we highlight some of the industry’s most interesting jobs and the talented people who do them…

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BEIJING, China — Apple’s relationship with fashion has grown from a casual flirtation to a full-blown love affair. BoF can reveal that the Apple Watch is set to make its editorial debut on the cover of Vogue China’s November issue, out this Monday, featuring Liu Wen.
A spread from Vogue China’s November issue | Source: Vogue China
It’s the latest in a series of activities that puts fashion at the focus of Apple’s communication strategy…

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