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It is their spending patterns that excite entrepreneurs like Mafatlal. In spite of the maharajas' opulent purchases of old, India has had a tradition of fiscal conservatism, of saving rather than spending. Yet the combination of a GDP rising at 8% per annum and one of the world's youngest...

Author: /time Magazine | Title: Art Of The Deal: Luxury's New Lotus | 9/11/2006 | See Source »

GIORGIO ARMANI'S CLOTHES have represented refined luxury for an A-list clientele for more than 30 years. So in 2005, when the Italian designer finally introduced Armani Privé, his collection of women's haute couture, his female customers were elated. Now it's the men's turn. Giorgio Armani...

Author: /time Magazine | Title: RETAIL NEWS: An Armani to Call Your Own | 9/11/2006 | See Source »

One person who has been instrumental in bringing many of these niche brands to the U.S. market is Nick Hudson, co-founder of Excelsior Beauty, the firm that spearheaded the Walgreens deal. Excelsior works with retailers and brands to bring masstige products to North America, and Hudson, formerly of Boots...

Author: /time Magazine | Title: Beauty: Euro Stars | 9/11/2006 | See Source »

Which may help explain why the White House so excitedly trumpeted Bush's announcement last week that the Administration was transferring 14 high-profile al-Qaeda terrorists to the U.S. prison at Guantánamo Bay, Cuba. Bush had to acknowledge that the 14 had been held in secret CIA facilities...

Author: /time Magazine | Title: Why Bush's Security Pitch May Not Work This Time | 9/10/2006 | See Source »

We are relaunching the Arab initiative, reaching out to the Israeli public, saying, Look, it is Beirut Plus now. There is movement by core Arab and Muslim countries [Saudi Arabia, Egypt and Jordan], saying, Look, if we solve the Palestinian issue, it is one major step forward in bringing peace...

Author: /time Magazine | Title: A New Arab Peace Plan | 9/10/2006 | See Source »

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