AOL Money & Finance

chanel posts

Feed

Spokesperson fiasco #2: Kate Moss and the fashion world

This post is part of a series on celebrity spokespeople who ended up doing serious harm to the brands they were hired to promote, or vice versa. See how we rank the 20 top spokesperson fiascos.

The cliché of the pencil-thin model is made corporeal in the body of supermodel Kate Moss, the waif that launched a thousand brands. Among those brands tying their fortune to her size 0 sails were H&M (STO:HMB), Burberry (LON:BRBY) and Chanel.

Unfortunately, they made the same mistake many baseball owners did -- failing to ask just how their star could maintain such a remarkable body. The answer for Moss, apparently, was toot. When she was photographed in 2005 by London's Daily Mail using cocaine at a Babyshambles recording session, the fashion industry recoiled in faux revulsion.

Leading the retreat were the brands to whom she had lent her good name, the same H&M, Burberry and Chanel. Each invoked the morals clause to terminate her contract, making that a multi-million dollar line of coke.

So that was the end of Moss, right? Think again. In the fashion world, morals transgressions are so, like, yesterday. Within a year, Moss had signed new contracts with Calvin Klein and other top fashions brands. Brendan Behan, who said there is no such thing as bad publicity (except your own obituary) knew what he was talking about, at least in the fashion world.

Read the entire series

Do spokespersons affect your purchasing decisions



Leona Helmsley's prison suit sells for $850 -- a bargain!

It's fair to say that few people were feeling pity when "The Queen of Mean," billionaire New York real estate mogul Leona Helmsley was sent to prison for 18 months after her conviction on charges of federal income tax evasion. At the trial, it was revealed that Ms. Helmsley, never known as a woman of the people, had said that only "the little people" pay taxes.

Apparently few people were interested in buying the suit she wore on the day she arrived at the slammer in 1992. The Chanel pink wool and denim skirt suit went for just $850. Leslie Hindman Auctioneers sold $118,845 worth of her clothing and other items at an auction over the weekend.

According to Reuters, a J. Mendel brown broad-tail coat sold for $12,000, by far the most expensive piece sold at the auction. I wonder what her orange jump suit from the pokey would have sold for. Maybe she left that to her dog too.

If you're in starting a collection of artifacts of white collar crime, check out this 1998 copy of Enron's code of ethics on eBay.

Symbol Lookup
IndexesChangePrice
DJIA+5.5110,296.77
NASDAQ+7.322,174.22
S&P 500+0.881,099.39

Last updated: November 12, 2009: 11:03 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance