Word: manhattanization
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Conspicuous consumption, that signature vice of the 1980s, was rarely more evident than at the 17 toy stores of Manhattan-based F.A.O. Schwarz, where toddlers of the rich and famous could acquire an 8-ft. stuffed giraffe ($4,500) or a child-size Jaguar sedan ($6,000). Now the 128-year-old retailer has joined still another trend: foreign ownership. A Dutch department-store conglomerate, Koninklijke Bijenkorf Beheer (KBB), has agreed to buy the toy retailer from the Morse-Harris Group, owners since 1985. Estimated price: $40 million. Once America's top toy merchant, Schwarz was - losing customers...
Giving away the ending of a movie or novel is considered very bad form. But for weeks Manhattan's literary gossip has been twittering with the news that John Updike's Rabbit at Rest, which will be published in October, concludes with the death of its hero. What's more, Updike himself has been fueling this story, both in a June speech at the American Booksellers' Association convention in Las Vegas and in the New York Times Book Review. How to explain all this fuss about the fate of an imaginary character? Well, Harry C. ("Rabbit") Angstrom first appeared...
...rapid expansion of a once sleepy, snobbish concern into a global retailing empire is a triumph for Dumas, 52, one of 17 cousins who control 87% of the firm. A silver-tongued swashbuckler who spent a year as an assistant buyer for Bloomingdale's in Manhattan, Dumas has boosted Hermes annual sales ninefold, to $460 million, since he took over in 1978. Moving aggressively into the U.S. and the Far East, he has opened 80 new shops, bringing the total to 238. Thirty more are planned. "Dumas is one of the brightest retailers in the world," says Stanley Marcus, chairman...
...School trial are chilling for a different reason: despite seven years of investigations and trials, it may never be known whether they are true or false. In a Los Angeles courtroom last week, the jury in the child-molestation trial of Raymond Buckey, 32, a former teacher at the Manhattan Beach, Calif., preschool, declared itself deadlocked. With that, the state decided to drop the charges. Said prosecutor Joseph Martinez: "How long can you keep this...
...dark recesses of an Italian "social club" in lower Manhattan, Carmine Sabatini (Marlon Brando), an elderly mafioso, peers across a small table at Clark Kellogg (Matthew Broderick), a rosy-faced NYU film student fresh from Vermont. Sabatini orders Kellogg some Italian coffee and proceeds to pour four or five heaping spoonfuls of sugar into the small demitasse. The taste of the stuff is enough to make Kellogg grimace...