Word: toledano
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...They're not going to put a $2 million piece of jewelry on a Zara dress.' ?Sidney Toledano, president of Christian Dior...
Indeed, part of the job of managing such big, creative personalities, ultimately, is listening and staying in the background. Or, as Chloé president Ralph Toledano (no blood relation to Sidney, although they grew up together in Casablanca) puts it, you become master and servant to the design talent. "I spend my life listening to people to see what I can do to help without expecting any kind of return," he says. But Chloé's Toledano also makes sure nobody ever loses sight of the pecking order. "There are some moments you say yes and some moments you say no. There...
Interviewed separately, both Sidney and Ralph Toledano cite the warmth needed to be empathetic and the cool calculation needed to take risks as an essential combination. "You need good nerves," says Sidney. "We're developing the business in the Middle East because the potential is so high, but if you open the newspaper...
...managers may hold the strings, but sometimes a designer snips them, as Phoebe Philo did at Chloé when she resigned last spring. Ralph Toledano concedes that although Chloé is currently a collective endeavor by Philo's design team, a brand needs a fashion face. And the chain reaction cannot happen unless all the elements are in place...
...from college days is now the CEO of a major construction company. What has changed is his friend no longer thinks Burke is nuts for entering the fashion business back in 1986. "People have realized that, if done properly, this can be very lucrative," Burke says. As for Ralph Toledano, he can't imagine using his M.B.A. in a more traditional way. "I'd be terrible in the steel industry," he says, laughing...