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...center in a black suit and black shirt is tonight's ringmaster: Bruno Sälzer, 50, chairman and CEO of a company founded in 1923 not far from this field. Back then, it was a small sewing outfit helmed by a guy called Hugo Boss. Today Hugo Boss AG has a retail value of $6.5 billion and?for 2006, the year of the most recent declared figures?net sales of $1.97 billion with a net profit of $170 million. It also has 9,385 full-time employees, not to mention those working for subsidiaries around the world, many of whom...
...scale of this operation: when it comes to giant single-fashion brands, Hugo Boss AG is huge (although not, it should be noted, as huge as Polo Ralph Lauren). LVMH (the market leader), Gucci Group/PPR and Richemont, which owns Chloé, are also bigger, but they are multi-brand conglomerates. Of the single brands, for menswear only, Hugo Boss is as big as its two nearest competitors, Giorgio Armani and Ermenegildo Zegna, combined. The company still makes 1.6 million suits a year, but that's old news; it now reflects a wider cultural shift and has repositioned itself from a suit...
...thing is certain. The news won't help Roche Holding AG, the Swiss holding company for Tamiflu manufacturer Hoffman-La Roche. Tamiflu sales dropped off sharply in the second half of 2007, Roche announced this week. But the main reason wasn't drug-resistance; it was simply a saturated market. As countries meet their targets for an anti-flu-pandemic Tamiflu stockpile, global demand for the drug is tapering off. For now, at least, those national stockpiles still offer an advantage: To date, the H5N1 bird flu shows only limited resistance to the drug...
DEFINITION ag-flay-shun n. The rising cost of food and drink attributed to higher demand for biofuels made from agricultural products...
This is the section in which the DNI and AG are asked to provide annual reviews of the procedures they use to target people overseas, so called "basket warrants." The controversy is over the word "persons." Democrats cite a section of the law - which I mentioned in my Swampland post - that defines "persons" as "groups" or "entities." In other words, al-Qaeda could be considered a "person." Republicans - including a senior legal source in the intelligence community who deals with the FISA court regularly - believe that a judge can construe that to mean a review of individuals who have been...