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...chain by keeping it small: he will downsize the New York City flagship store and continue with a tightly edited merchandise mix tailored to East Coast suburban families at all the stores. Jane Elfers, Lord & Taylor's CEO for the past seven years, has been quietly restructuring the brand away from the store your grandmother loves into a showcase for top American design talent. And the business-savvy Baker just might have the right mix of creativity and cash to give the turnaround the boost it needs...

Author: /time Magazine | Title: Studying the Classics | 9/21/2007 | See Source »

Whereas many retail insiders counted out the beleaguered department store?assuming it would be sold off in pieces once it was put on the block in January 2006, after Federated merged with May Co.?Baker saw a chance to revitalize an iconic brand name. He and his three NRDC Equity partners (one of whom is his father Robert Baker) bought the property for about $1.1 billion, a small stake in Federated's $27 billion business in annual sales. "What we liked about Lord & Taylor was that it had great DNA, a very solid management team and a large amount...

Author: /time Magazine | Title: Studying the Classics | 9/21/2007 | See Source »

...venues and facilities being built for the Olympics will be ready in time. Eleven of the 12 sporting venues are on track to be finished by the end of the year. A fifth subway line to the airport will start a month before the opening ceremony, and a brand-new airport terminal designed by Norman Foster is scheduled to open in early 2008. Half a million volunteers are being trained to answer visitors' questions--about one for every foreign tourist expected to show up. Government officials say some 4 million Beijing residents have received English-language lessons. Famous for aloofness...

Author: /time Magazine | Title: China's Olympic Warmup | 9/20/2007 | See Source »

Halfway through the overcomplicated setup we’d devised for an iPod giveaway during the a capella jam, Pierpaolo Barbieri ’09 pulled a white box from his jacket pocket. “What a coincidence! I happen to have a brand new iPod nano right here!”“You know what I think we should do with it? I think we should give it to a member of the Harvard class of 2011!” The audience that packed Sanders Theater drowned out my last few syllables with screams, whoops...

Author: By M. AIDAN Kelly, CRIMSON STAFF WRITER | Title: Harvard's 'Love Story' | 9/20/2007 | See Source »

...parents, who were recently named as official suspects in her disappearance. Now, Kate and Gerry McCann find themselves fighting two battles: one to clear their names, and another to convince everyone that their missing daughter is still the big story. Over the weekend, help came from a brand-new media push and a high-profile cash injection...

Author: /time Magazine | Title: A New Campaign for Madeleine McCann | 9/17/2007 | See Source »

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