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The designs evoked the Cafe Society evening dresses once worn at the storied hotel - with glimmering embroideries, sunray pleats and marabou and ostrich feathers. As ever, the nostalgia was infused with modernity in the form of oversized black bubble jackets and funky, bejeweled necklaces that cascaded down the torso. The Ritz has a special significance for the fashion house as its where Coco Chanel used to live. Its surreal, as theres so much history artistically. And Chanel is a brand that I respect artistically, so I feel like it makes a lot of sense (to host the show at the hotel), Williams told The Associated Press. About his choice of look, he answered simply: I like pearls. The mid-season art et metiers collection honoring the craftsmanship of the Chanel atelier is held once a year in a special location. In previous years, the Chanel atelier has travelled to Rome, Salzburg, Dallas, Edinburgh, Mumbai and New York. This year, Chanel designer Karl Lagerfeld said he decided to bring it home to Paris in a show of support for the city thats seen tourism decline after a series of deadly extremist attacks. Paris has such a bad reputation with the Paris bashing all over the world that I thought it would be fun, Lagerfeld said. The one item from the show the famed couturier did not share enthusiasm for were the luxury pastries the dinner guests ate along with tea and Belle Epoque champagne.

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Intentions to dispose of another business come as Camargo Correa rapidly recovers from the impact of a corruption probe at state firms that were key clients of the conglomerate's engineering unit. More investment is slowly flocking to Argentina as President Mauricio Macri tries to implement more business-friendly policies. In the case of Camargo Correa, the sales of fashion brand Alpargatas SA in December and a controlling stake in power holding company CPFL Energia SA in June were aimed to "create shareholder value," and not to raise cash to pay fines linked to a leniency accord related to the probe, the person said. The conglomerate raised about $2.5 billion from the two deals. PRIOR ATTEMPT The grandchildren of founder Sebastiao Camargo occupy most of the conglomerate's board seats and are working to transform Camargo Correa into an investment holding company. InterCement, Brazil's No. 2 cement maker, is a leading producer of the construction material in Portugal, Mozambique and Cabo Verde. Camargo Correa purchased Loma Negra in 2005 for $1 billion, the first of a series of acquisitions to strengthen the foothold of InterCement in emerging markets. Loma Negra was founded in 1926 by Argentine businessman Alfredo Fortabat.

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