Word: casually
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...Vecchio, 50, a soft-spoken Italian, has been working ever since to prove that not only does that dress-for-dinner lifestyle still exist, but selling clothes to match it is profitable. During the 1990s, as part of the British retailer Marks & Spencer, Brooks Brothers embraced the business-casual look and moved toward the Banana Republic slice of the retail spectrum, even producing its own line of jeans. As CEO and chairman, Del Vecchio has yanked the company back to its higher-brow heritage by rolling out new cuts of suits, reinvigorating the made-to-order and tailor shops, overhauling...
...deal for LensCrafters, Luxottica also got the midmarket women's-clothing chain Casual Corner. Luxottica couldn't find a buyer for the poorly performing outfit and after two years was on the verge of liquidating it when Del Vecchio said he'd buy it himself. Why? "It was a gut feeling more than anything else," he says. So Del Vecchio left day-to-day operations at Luxottica to strike out on his own. Within a few years, the hemorrhaging at Casual Corner had stopped?and Del Vecchio was looking to expand into additional retail concepts...
...Luxottica, Del Vecchio spent years in distribution, and with Casual Corner he refined his understanding of supply-chain management. Those strengths were on full display at Brooks as the hands-on Del Vecchio personally met with each of the company's suppliers. Some he had to woo back, like the shoe company Alden, which had made cordovans for Brooks for more than 90 years before Marks & Spencer all but discontinued them. Others he simply had to encourage, like Brooklyn, N.Y., suitmaker Martin Greenfield, whom Del Vecchio asked to make the best suits he could (forgetting about price) and then...
...history that Brooks likes to wave around, there is one chapter it prefers to ignore: the demise of corporate sibling Casual Corner. After early success at reviving the chain, Del Vecchio lost control of the enterprise, which he wound up selling to a liquidator in 2005. "You have to look at his record," says Howard Davidowitz, chairman of retail consultancy and investment bank Davidowitz & Associates. "It's been, shall we say, mixed...
...started learning when I was 10,” Silbiski explains, recollecting the seemingly casual way in which she took up the sport. “Neither of my parents played. There was a tennis center up the street from me, and they said it would be a good way to be healthy and stay active. They didn’t think I was going to be very good...