Word: fashion
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...Hollywood and the fund office in Hong Kong. PricewaterhouseCoopers estimates that Asia's film industry will increase by 6% annually, reaching $104 billion by 2010. "If you're not really doing movies in Asia or with Asia as a possible location, or using Asia in a storyline in some fashion, or for a production, you're missing a giant opportunity," says Tony Krantz, the producer of TV's 24 and whose next project - a trio of martial-arts pics to be shot in Hong Kong - will be backed by the Weinsteins' fund. "Asia's really the dominant story for this...
...returned you to power. Meles: Everyone, including the most ardent critics of the government, agrees that right up to election day the democratic elections in Ethiopia were exemplary, by any standard. The issue arises as to whether the counting of the vote was done in a fair and transparent fashion. Here, there are varied assessments. We argue that while there may have been mistakes here and there, on the whole it was a credible and fair count. The opposition did not agree. So we said: 'Let's check. Let's review the counting in the presence of foreign observers...
...Back in May, Valentino told TIME that he was thinking of retiring and was waiting for a successor to be chosen. He said that his preferences were Nicholas Ghèsquiere of Balenciaga or Alexander McQueen. "Someone who knows fashion," he explained, although it is unclear how much say the couturier really had in the choice, given that Permira had already targeted Facchinetti when they closed the deal on the Valentino purchase...
...Valentino's departure represents a poignant passing of an enduring fashion generation which includes Yves Saint Laurent who retired in 2002, and Emanuel Ungaro, who sold his house and retired soon after in 2004, and it also points to designers like Giorgio Armani and Ralph Lauren, who have created enduring fashion empires and who are nearing retirement...
...many of these fashion conglomerates, success today stems from the ability to generate profits from high-margin businesses like accessories. Permira will certainly focus on that arm of the Valentino business, currently considered vastly underdeveloped. The real test, though, in this new game of private equity ownership in fashion will be how they read the fickle ways of an industry that in 10 years has gone from primarily family-owned labels to global luxury conglomerates. Many observers also feel that star power is necessary to generate sales. While others think that the brand should be the main focus...