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After graduation in 1985?fewer than one-third of Hermann's classmates were women?there were three job offers for every student. Hermann turned down an entry-level post at L'Oréal in order to supervise special projects at the Comité Colbert, a luxury-goods trade association. (Maureen Chiquet, Chanel's global CEO, who is the same age as Hermann, started at L'Oréal as a brand manager for hair color.) When a L'Oréal director inquired why Hermann went elsewhere, she told him, "I didn't want to spend my days selling shampoo in the south...

Author: /time Magazine | Title: What's Her Recipe For French Dressing? | 9/21/2007 | See Source »

Chanel's U.S. president, Maureen Chiquet, admits that banking on a celebrity for celebrity's sake can be a risky venture. Although the brand has had contractual relationships with stars since the '50s (Suzy Parker, Catherine Deneuve, Ali McGraw, Candice Bergen and Carole Bouquet), its Nicole Kidman--Baz Luhrmann No. 5 ad surpasses any single-ad commitment to date. Kidman's reported $4 million-to-$5 million contract was meager compared with the total budget, which some estimates put at more than $40 million...

Author: /time Magazine | Title: Beauty: Smiling for Dollars | 9/11/2006 | See Source »

...When you're banking on a celebrity as uniquely a celebrity, when everybody knows about their private lives, you always run the risk of the brand and the celebrity not being in synch," Chiquet says. "But the No. 5 ad was like going to a movie. Nicole was playing a character in a story...

Author: /time Magazine | Title: Beauty: Smiling for Dollars | 9/11/2006 | See Source »

...Maureen Chiquet, president and COO of Chanel Inc., is a walking example of this style. "I like to wear jeans and a Juicy Couture tank top with a special piece," she says. "Head to toe in a fancy outfit doesn't look modern. And price is no longer the determinant of style." That from a senior exec at Chanel? "Well, you either want something superexpensive with beautiful detailing, or you want something that's hip and disposable. What does the well-made, kind of nice stuff in the middle mean anymore...

Author: /time Magazine | Title: Fashion: If You've Got It, Flaunt It | 3/20/2005 | See Source »

...well designed," he says. "Instead of paying too much money for something not exciting, you should buy two or three things for fun from H&M and, if you have the money, a Chanel jacket." H&M stores reported lines around the block when Lagerfeld's collection arrived. Maureen Chiquet, president and coo of Chanel Inc., likes the mix. "I like to wear jeans and a Juicy Couture tank top with a special piece," she says. "Head to toe in a fancy outfit doesn't look modern. And price is no longer the determinant of style." This from a senior...

Author: /time Magazine | Title: If You've Got It, Flaunt It | 3/6/2005 | See Source »

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