Word: aronsson
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...many years. After stumbling with a public offering in 1996 (the stock price plummeted as extra inventory built up in discount stores and staff layoffs broke in regular waves), the company was bought by French conglomerate LVMH in 2001. More recently, CEO Fred Wilson was replaced by Jeffry Aronsson, former CEO of Marc Jacobs. Aronsson says he plans to build on the improvements made by Wilson, who is credited with moving the business back into profitability by controlling distribution and closing outlet stores...
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