Word: ferretti
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...which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...
...Alberta Ferretti sleeveless embellished tulle dress with tiered fringe hem (Alberta Ferretti boutique, Los Angeles...
...Tina Turner kicked up her heels in mod minidresses, fringe has been a fashion mainstay. For spring 2009, designers really got into the swing of things, finishing off everything from evening gowns at Jil Sander to peep-toe suede boots at Christian Louboutin and sexy cocktail dresses at Alberta Ferretti with a swish of fringe. Forget about the Western connotations for a minute, because even when it comes to lamps and costume jewelry, this season's fringe is strictly boudoir...
...foreclosed duplexes, then developing town houses and branching into condo conversions as the market went nuts. He soon built a statewide empire with 300 employees, including a staff priest who blessed his projects. He bought a waterfront mansion in Coral Gables, a fleet of classic cars, a Ferretti yacht, huge collections of fine wine, Cuban art and luxury watches. Just last year he spent $80,000 on an antique billiard table...
...meet the enriched demand, Sunseeker is spending nearly $30 million this year expanding its boatyards in Poole and nearby Portland. Ferretti spent some $74 million last year upgrading its operations to handle increased production, while Azimut-Benetti, another Italian manufacturer, is spending $323 million over the next two years on its facilities. So go ahead, pick your metaphor--clear sailing, running with the tide, full speed ahead--the yachtmakers have it going for them...