Word: buyer
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...Florentine version of TV's Dynasty, the luxury-accessories company has managed to remain closely held since it was founded by Guccio Gucci in 1904. Alas, no longer. The company announced last week that a 47.8% stake in the corporation has been sold for an estimated $135 million. The buyer: Investcorp, a Bahrain-based investment firm owned by more than 12,000 Arab shareholders, many of whom are prominent financiers and politicians...
...tended grass again. Harvard can supply itself with only a fraction of the 69,700 chairs that Commencement requires. Since even the largest contractor who rents chairs locally maintains an inventory of a mere 40,000, Harvard must rely on four different contractors for seats, says Robert Dwyer, a buyer in the purchasing department...
...business?' I asked. 'Fine -- for everyone but me,' he moaned. 'I don't know what's wrong. I'm working just as hard as ever but selling nothing. It's gotten so bad that I'm convinced I won't make the sale even before I walk into a buyer's office.' While he spoke, the thought hit me. 'This guy's in a slump...
...narcotics from Central America, is turning into a principal source of guns for drug gangs around the U.S. The Bureau of Alcohol, Tobacco and Firearms figures that Texas trails only Florida as a black-market weapons supplier. Lax firearms laws require no waiting period or investigation of a buyer; gun smugglers send ordinary-looking shoppers, often women, from gun shop to gun shop, acquiring a weapon at each stop. Within a day, ATF has found, the firearms can turn up in such cities as New York and Washington. Texas retailers have nothing to hide. Says Richard L. Garner...
...open air, the engine looks like a food processor but produces a fuel saving of 40%. McDonnell Douglas has flight-tested the UDF on the prototype for its next midrange plane. But perhaps GE's moment of poetic justice really came last May, when Northwest Airlines, the diehard Pratt buyer, decided to buy 120 of the CFM56 engines. That must have prompted a few smiles at the light-bulb company...