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...have," he recalls. "There were more Italian clothes than English ones." So Lauren presented the Brits with what he thought they should be buying: tweed jackets, jodhpurs, polo shirts. The New Bond Street store proved so successful that Polo added a second big store nearby, which has enjoyed double-digit growth since it opened...

Author: /time Magazine | Title: A Bronx Cowboy In Europe? | 9/2/2002 | See Source »

...first, Europe. In 1998 the company spent $200 million buying back its key licensee, Poloco SAS of Paris, which had been managing to increase sales in only the single digits, compared with double-digit growth in the U.S. And last summer Polo Ralph Lauren spent another $22 million buying out its Italian partner, PRL Fashions of Europe. A key Polo lieutenant, Lance Isham, moved from the company's New York City headquarters to London to oversee the company's international development, and an Italian, Gian Luigi Longinotti-Buitoni, who had most recently been CEO of Ferrari North America, was hired...

Author: /time Magazine | Title: A Bronx Cowboy In Europe? | 9/2/2002 | See Source »

There's nothing more American than a second chance, and you're getting one right now. Interest rates that briefly hit three-decade lows last fall are tumbling anew, giving those who missed out another shot at dream mortgage rates, 0% financing on cars, and single-digit credit cards. Falling rates have a dark side: pitiful interest income on bank deposits and other savings. They could also signal economic malaise. So take advantage of the benefits...

Author: /time Magazine | Title: Can It Be Refi Time Again? | 8/19/2002 | See Source »

...through an almost classic waterfall and are due for at least a decent rally for a while. Where I take issue with other people is in the longer-run outlook for equity returns. You have to be a wild bull on U.S. earnings growth to get even high single-digit numbers out of the S&P 500 over the next five to seven years...

Author: /time Magazine | Title: Forecast: Buy The World | 8/12/2002 | See Source »

...Japanese have stoically endured recession, do-nothing politicians and the male makeup craze, but even a conformist society has certain hot buttons that are better left unpushed. Last week's launch of a computerized national ID system, which tags every citizen with a unique 11-digit number, triggered vehement protests throughout the country by those who fear Big Government is getting an efficient tool to invade their privacy. Some local prefectures refused to go along: Yokohama, the country's second-largest city, made participation voluntary, while three other municipalities opted out. Similar ID-card networks are being introduced in Malaysia...

Author: /time Magazine | Title: Branded! | 8/12/2002 | See Source »

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