Word: multibrand
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Enemies They're everywhere. Monobrand stores like L'Occitane and Victoria's Secret Beauty (sales top $850 million in the U.S., where there are already 507 stores) enjoy higher margins than multibrand beauty retailers. Aron predicts other fashion labels will jump on the trend...
...government to become an investment banker before moving to PPR in 1992. At the time, the firm was a messy grab bag of French-focused industrial and retail companies. Weinberg masterminded the shift to luxury. "The demonstration needs to be made that several brands can really flourish in a multibrand group," he says. He plans to be the man who proves it. --By Peter Gumbel/Paris
...private company, and I can't be taken over. Here's what I'm telling them: let's merge the two companies so Gucci will no longer be subject to a takeover." He later denied part of this, but he has talked before of turning Prada into a multinational, multibrand house like LVMH, the French conglomerate that specializes in the whims of the very wealthy, from Louis Vuitton luggage to Christian Dior gowns...