Do you know by any chance what’s that bit of colored string captains of the industry wear in their lapel ? Ralph L. has something red (see his pic below the duffle pic + on your Ralph Lipschitz site he has it too), Luca Cordero Di Montezemolo has either that or some sort of a lapel pin. I guess some CEOs may wear their corpoate pin badge in the lapel hole, but the colored string doesn’t look like it …
Click on the picture, see the caption, the red ribbon identifies a member of the Légion d’Honneur.
To the untrained eye, the lapel thread might be confused for a brand indicator, like the red stripe in Prada shoes or the Lacoste crocodile, or even a stray piece of lint. But to those in the know, the decoration is more like a military chevron or a tribal tattoo. It shows that [he] is a member of France’s most prestigious — and most coveted — society: the Légion d’Honneur, granted by the French government to those who have somehow contributed to the glory of France.
They may not have a special handshake, but members of the Legion of Honor turn out to be everywhere in the upper reaches of American cultural and political life, flaunting their status on their lapels, or sometimes hiding in plain sight.
There are strict dress regulations:
And click: ->Dress regulations