Word: chains
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...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...
...shot at a highway rest stop, and dozens of police and team supporters injured in subsequent rioting. Gabriele Sandri, a 26-year-old fan of the Rome-based team Lazio, was shot through the neck Sunday by a highway police officer at a Tuscan branch of the Autogrill restaurant chain after a brawl erupted between their fans and the Juventus supporters who'd crossed paths on their way to their respective teams' road games in different cities. The bad news about the shocking incident is that no one is truly shocked...
...back with a "Grown Under the Sun Campaign," using the label to remind shoppers in the West that the country's fruit, vegetables and flowers are produced with few inputs other than Kenya's plentiful rain and sunshine. Ngige says consumers need to have the whole supply chain not just one step. "To look just at air freight is short-sighted," she says...