Word: bergdorfs
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Lacroix and Picart, 40, have already moved into an innovative luxe line, a kind of super ready-to-wear. With an average price of $4,100, the clothes are selling briskly. Bergdorf Goodman says it took $330,000 worth of orders in two days. Saks Fifth Avenue bought 27 styles, or most of the line. "I'm not sure I've ever seen quite as much of a phenomenon," says Ellin Saltzman, the store's fashion director, who remembers the '60s frenzies over Rudi Gernreich and Andre Courreges. Of such skyrocketing designers, she says, "I think it's scary...
...only a day after Revlon's cease-fire, three more multibillion-dollar takeover bids hit the market. The Limited, a retail chain, teamed up with Real Estate Developer Edward DeBartolo to make a $1.8 billion offer for Carter Hawley Hale Stores, which operates Neiman-Marcus and Bergdorf Goodman. American Brands, a consumer-products conglomerate, made a $2.8 billion bid to take over a similar but smaller company, Chesebrough-Pond's. And Minnesota- based Corporate Raider Irwin Jacobs offered to pay about $4 billion to acquire Borg-Warner, a diversified company best known for its automotive products. The stocks of these...
This sort of story was not supposed to happen to privileged children who command the city with their lusty self-assurance; who shop at Benetton's and Bergdorf's, have plenty of style, plenty of clothes; who do not leave home without American Express. But they do leave home. Breezy, noisy, they lope about the fashionable streets like flocks of orphans in Brazil or in Beirut, like the earth's poorest children -- hanging out, swooping into saloons where no one looks twice at the doctored ID cards; the kids' money is good. Don't blame the saloonkeepers, say the sociologists...
...couple of spin-off lines like the lively, lower- priced Plantation, as well as royalties from assorted licensees supervised by him, pull in upwards of $50 million yearly to the Miyake offices in Tokyo. Stateside his clothes are available in 15 specialty and department stores, including Bergdorf Goodman and Neiman-Marcus, and in many of the more adventurous boutiques. Manageably pricey in Japan, where most of them are made, the clothes get pretty dear after freight charges, duties and store markups are added for sale in other parts of the world (a fall coat, for example, made of wool...
...duration, it has stretched to two, with the last events now scheduled in late 1987. Beginning with cultural institutions, including the National Gallery of Art in Washington and the Metropolitan Museum of Art in New York City, it has spread to trend-spotting stores (New York City's Bergdorf Goodman and Bloomingdale's). Then it mushroomed as smaller institutions around the nation clamored to join...