Word: cashes
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Amid the chaos and confusion that has accompanied the credit crisis at British bank Northern Rock, Bank of England Governor Mervyn King has remained tight-lipped. There was barely a word from him when the Bank, as Britain's lender of last resort, made emergency cash available to Northern Rock last week. When that triggered a run on the High Street lender, with customers lining up for days to take back their savings, King still failed to utter a word. And when the government finally stepped in Monday to offer a gilt-edge guarantee for spooked depositors in the form...
...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...
Spending the necessary cash to get Lord & Taylor back on track commercially?something Federated neglected to do?is equally as vital as retooling the merchandise. Baker has signed on the David Lipman Agency (of the Burberry and David Yurman campaigns) as creative consultants to redesign boxes, bags and credit cards, and will launch a September advertising campaign shot by Mario Testino that features Lauren Hutton, Carolyn Murphy and the sons of John McEnroe and Clint Eastwood. He's plunking down $250 million to update Lord & Taylor locations around the country and $100 million to renovate...
...house of Saint Laurent has no time to waste. It has been hemorrhaging cash for almost a decade, eroding its fashion credibility for perhaps longer and awaiting, if not salvation, the kind of high-end genius that was there at the creation of the Paris couturier in 1961 and that endured for four decades...
...emissions, our efforts will be undercut," Akumu says. In the meantime, floods, droughts, earthquakes, landslides and other natural disasters are expected to become more frequent, along with the occurrence of diseases such as typhoid, cholera and malaria. Akumu warns that without aid from richer countries in the form of cash to pay for more durable roads and hospitals, Africa will be unable to handle more disasters like this summer...