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Gap raises profit outlook, shares rise

(Reuters) – Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated earnings of $1.78 to $1.83 a share, above the $1.75 to $1.80 it forecast in February. “It’s important to remain measured in our outlook given that our biggest selling seasons are still ahead of us,” said Chief Financial Officer Sabrina Simmons.

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Gap raises profit outlook, shares rise

Best dress? Eva Longoria or Diane Kruger: Twitter highlights from Cannes

Following the opening of the 65th Cannes Film Festival Twitter users are buzzing about the dresses from the red carpet and lavishing praise on Diane Kruger who ‘wowed again’ and Eva Longoria; a selection of comments can be found below in this latest in a series of articles from Relaxnews examining social media reaction to the Cannes Film Festival.

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Best dress? Eva Longoria or Diane Kruger: Twitter highlights from Cannes

Pamela Love and Fashion.me site among ‘most creative’ winners

Jewelry designer Pamela Love features in US magazine Fast Company’s annual ranking of the “100 Most Creative People in Business,” which also honors sites including Fashion.me and Moda Operandi.

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Pamela Love and Fashion.me site among ‘most creative’ winners

Support your country in style: Conran Shop launch flag scarves ahead of Olympics

For fashionistas looking to support their country with panache during the upcoming Olympic Games, international contemporary design store The Conran Shop has launched a collection of flag scarves available in the Stars and Stripes, Union Jack, French Tricolor and the Japanese Hinomaru.

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Support your country in style: Conran Shop launch flag scarves ahead of Olympics

Historic diamond sells for $9.7 mn

A centuries-old diamond passed down through generations of European royalty fetched nine million Swiss francs ($9.7 million) at auction in Geneva on Tuesday.

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Historic diamond sells for $9.7 mn

Karl Lagerfeld chats Cruise collection, discusses plans for next year’s show

Following the regal-meets-rock Chanel Cruise collection at the Château de Versailles near Paris on Monday, Karl Lagerfeld already has plans for next year in mind, citing a ballroom in Deauville as a possible setting.

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Karl Lagerfeld chats Cruise collection, discusses plans for next year’s show

London show celebrates 60 years of British glamour

LONDON (Reuters) – A decadent gown made from feathers and a printed lace latex dress designed by some of fashion’s luminaries will go on display as part of a new exhibition to celebrate the glitz and glamour of Britain’s ball gowns. Ball gowns: British Glamour Since 1950, on at London’s Victoria and Albert Museum from May 19 until January 2013, showcases a collection of 60 dresses marking the journey of formal attire from private events to the public parade. …

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London show celebrates 60 years of British glamour

Jennifer Lopez and Cameron Diaz Celebrate Motherhood at the "What To Expect When You’re Expecting" Premiere

One leading lady has twins, the other says “I definitely should not have a baby,” and both led the celebration of pregnancy and motherhood at the “What To Expect When You’re Expecting” movie premiere at Grauman’s Chinese Theatre on Monday, May 14.

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Jennifer Lopez and Cameron Diaz Celebrate Motherhood at the "What To Expect When You’re Expecting" Premiere

British label Paul Smith to re-enter China

British fashion label Paul Smith said Tuesday it was planning to open 24 stores in China over the next five years in its second attempt at tapping the country’s booming luxury market.

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British label Paul Smith to re-enter China

Cannes film festival party agenda: don’t miss any of the A-list action

As Hollywood heavyweights including Nicole Kidman, Kristen Stewart and Marion Cotillard prepare to grace the red carpet at this year’s Cannes Film Festival (May 16-27), Relaxnews offers a guide to ten of the most unmissable galas and VIP soirees from the likes of AmfAR, Gucci and Chopard.

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Cannes film festival party agenda: don’t miss any of the A-list action

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