Word: de
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Dates: during 1990-1999
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Gucci has been on a much hillier path. After years of mismanagement by the Gucci family, the company finally went public in 1995, and its fortunes began to rise like hemlines. With the help of 36-year-old American designer Tom Ford, CEO and president Domenico De Sole transformed Gucci from the butt of jokes about men who wear loafers to a label both Seventh Avenue and Wall Street adore. (Ford's first famous look: velvet hiphuggers and a satin shirt.) Incontrovertible evidence of how far it has come: Helen Hunt wore Gucci to the Oscars this year...
...fashionistas' buttons, but the firm has been buffeted by other ill winds, from the ongoing trial in Italy of Patrizia Gucci (charged with murdering her ex-spouse Maurizio Gucci, grandson of the company's founder) to worries about the fallout from the Asian financial crisis. Last September, when De Sole announced that profits growth for 1997 would be lower than expected, Gucci stock plummeted almost 20% in one day. Sure enough, the company announced last week that this year's first-quarter net profit had dropped 10% from last year, from $48 million to $43.1 million. On top of this...
...nylon bags and put their bamboo handles on them; they did our high-gloss calfskin--they started using all our materials," he said. "It doesn't make sense. Gucci should follow its own strategy, not mine." Such bluster, says a Gucci spokesman, is common among fashion designers. Ford and De Sole have ignored...
...they didn't fear China's wrath, the majority would probably opt for de jure independence right now. And why not? Life in Taiwan is freer, more comfortable and more fun than it is going to be on the mainland for a long time. But the status quo is the political equivalent of independence and is more irreversible each year. Beijing's leaders know that, so how long will they tolerate...
Sourani, a 1991 Robert F. Kennedy Human Rights Laureate, divided his remarks between attacks on Israel--which he said enforces a "de facto apartheid" in the occupied territories of Gaza and the West Bank--and the Palestinian Authority. He accused the Authority of responding to Western calls for crackdowns on militant groups by suspending due process and resorting to torture of suspected criminals...