Word: calvinism
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...many luxury-goods companies are now paying for overreaching in the '90s. Prada, which acquired Jil Sander and Helmut Lang back then, has been struggling with the resultant $743.6 million debt. And LVMH is reportedly looking to sell the Donna Karan company. Then there are retreating industry stars like Calvin Klein, who retired last summer, and Donatella Versace, who in an attempt to curb financial woes is closing stores and cutting budgets...
Moreover, two years filled with SARS, terrorism and war in Iraq have destabilized luxury fashion, driving the business and its creative talent down-market. Designers like Isaac Mizrahi and Todd Oldham have taken refuge--and found success--at Target. And even brands like Ralph Lauren and Calvin Klein are playing catch-up with Banana Republic and J. Crew, introducing new, inexpensive lines. As one industry insider put it, "None of the [Gucci brouhaha] matters because we'll all be wearing Target and Abercrombie & Fitch in two years...
Downstairs, Calvin T. Chin ’06 has just arrived and is about to join his friends at a table by the front window. He praises the Kong for its late-night service and friendly, low-key vibe. “I’m from Hong Kong, so when I first heard about this place, I swore I’d never come because I’m such a Chinese food snob. But after awhile you learn to like the bad greasiness—just like you get adjusted to bad dining hall food...
...that major hostilities haven't exactly ceased, it looks as if I'm headed for mothballs. I'll be lucky if I end up at the Smithsonian next to Calvin Coolidge's Indian headdress...
...middle of the Calvin Klein show, a model turned on her heel to exit the runway, and her skirt ripped up the back, slashing the mood of ease the clothes were trying to evoke. Klein arched an eyebrow but was generous afterward about his successor's debut, slipping backstage to congratulate Costa. "I'm thrilled for him," Klein said, "I feel great about...