Word: brandsness
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Despite the increasingly corporate nature of the luxury business, three pioneering brands demonstrate the advantage of running their companies family style and keeping them close to home
It was a visionary but risky move. Fashion was just beginning to re-emerge in China after decades of communist-mandated austerity, but the major luxury brands hadn't made inroads. A market was there for the taking, but Chan couldn't find a design team willing to stick it...
If work was hard, adjusting to life was even harder. Social life, Tia recalls, meant seeing "the same 10 people over and over." The sisters flew to Hong Kong at least once a month just to buy groceries. But major moves had become something of a specialty for them. They...
NOT SINCE 1999 HAS DEALMAKING been such a hot trend. Sure, leggings and chunky shoes are In for fall, but the real must-have of the moment is a megadeal. Everywhere you look in the global luxury business, a merger or acquisition is going down. Private-equity players like Apax...
DEALMAKING IS BACK, at least in the $140 billion global luxury business. New money and new faces are changing the playing field. Private-equity firms are shopping for brands. Outsiders like Diesel's CEO Renzo Rosso and BCBG's Max Azria are shaking up the Establishment. Professional managers are reconfiguring...