Word: fashionability
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...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...
...typical luxury consumer has traded in high-priced fashion for quality, durable goods at a lower price, according to a recent report by Bain & Company. As a result, the luxury market is expected to shrink by 10% in 2009, with apparel being hit the hardest. So, when French couturier Christian Lacroix filed for court protection from creditors (similar to Chapter 11 bankruptcy protection in the United States) on May 28, it came as no surprise - especially since the filing was timed to same-store sales comps for May, which for department stores like Neiman Marcus and Saks Fifth Avenue were...
...cartoon inventions like Professor Calculus' glorious red-and-white moon rocket; another holds examples of imaginative merchandising that Hergé himself oversaw. Together, the displays are a testament to what Michael Farr, author of Tintin: The Complete Companion, describes as Tintin's timeless appeal: "Tintin is universal. He transcends fashion, age and nationality. These are classic, inexhaustible stories, beautifully drawn, beautifully written...
...used to generate research and research grants.”But some faculty say they think the changes are largely superficial, more indicative of a fad than actual improvement: “Why are miniskirts better than long skirts or pants? It’s a question of fashion,” says MCB Professor and current Fairchild inhabitant Guido Guidotti. “Now, the fashion is to have large labs where everybody’s together.”Some professors have also questioned the rationale for spending what is rumored to be tens of millions of dollars...
...that Harvard was lagging behind its peers in scientific prowess, Summers-era administrators made expedience their goal—planning to fast-track construction through debt financing, without the donor support University planners usually prefer.“If we can’t move ahead in a timely fashion, I think we will lose many of our leading scientists to other areas,” Hyman said in 2007 to the board of the Boston Redevelopment Authority, seeking the city’s approval for proceeding with construction of the Science Complex. “Keeping this dream team...