Word: fashionability
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Dates: during 2000-2009
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...early as 2005, in fact, high-end fashion houses like Burberry and Louis Vuitton were warning that profits from cheap reproductions of their desirable goods might be used to fund terrorist organizations. Many people were skeptical of alarm bells emanating from such well-heeled manufacturers until Interpol backed up the claims. "North African radical fundamentalist groups in Europe, al-Qaeda and Hizballah all derive income from counterfeiting," John Newton, an Interpol officer specializing in intellectual-property crime, told the London Times in 2005 when it came to light. "This crime has the potential to become the preferred source of funding...
...midst of a financial downturn, with big government back in fashion and capitalism badly bruised, the left should have swept the European Parliament elections that took place over four days last week. But instead, voters emphatically punished socialist and social-democrat parties - when they could be bothered to show up to the polls...
...with the financial backing of Bernard Arnault, chief of the mighty LVMH Moët Hennessy Louis Vuitton, is a product of a 20-year creative and business cycle that has come crashing down with the recent global financial crisis. Despite his enormous creativity and influence on fashion, Lacroix could never turn a profit. Many of the press reports on the house's failures blamed the designer's underperforming stores in New York City and Las Vegas. But at the heart of the Lacroix saga is an unsuccessful perfume launch that dates back to 1990, and his continuing inability...
Lacroix is not the only fashion house to teeter on the brink. The Antwerp-based designer Veronique Branquinho closed her business last week, blaming the dismal financial situation. Meanwhile, economic pressures are straining relationships inside famous luxury brands. Versace S.p.A. announced on Friday that Giancarlo Di Risio, the house's well-regarded chief executive officer since 2004, will step down. No official reason was given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week...
...born in Korean enclaves abroad, most of the North Korean team exists in obscurity at home. Ri Myung-guk, the mop-haired beanpole of a goalkeeper, seemed to characterize that alienation, his shoulder-padded jersey far too large for his alarmingly skinny frame, and his sweat pants - always a fashion faux-pas in the football world - pulling up short across his shins. Yet, the last time North Korea's footballers participated in the World Cup, they were the pride of the continent and the darlings of football fans around the world. In the 1966 tournament held in England, their side...