The newest status symbol on the streets is not a designer purse, state-of-the-art gadget or luxury vehicle; it's bottled water. Thirst quenchers and trendsetters alike are clutching bottles of water as the ultimate accessory. "Water has moved from a commodity to a fashion item," says Patrick Racz, chief operating officer of Icelandic Glacial, London. "It's a status thing. When I go to New York or Los Angeles, you see people walking around holding a bottle of water. They'll go to a meeting and put it in front of them with the label outward; it's really turning into a fashion statement."
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