Word: ferragamo
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Dates: during 2000-2009
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Style is something you either have coursing through your veins or not. Individuals with true style live and breathe it. One of my first encounters with this kind of innate flair occurred in Milan more than a decade ago. I was invited to a dinner at Fulvia Ferragamo's home, a sumptuous apartment filled with tapestries and paintings. The food cooked by the family's chef was delicious. The wine was from the Ferragamos' Tuscan vineyard, Il Borro. Every detail, down to the hostess's warm greeting, spoke to the family's generosity and enthusiasm for life, qualities they inherited...
...nouveau riche, an easy demographic to convince of the importance of symbols and status. As of the turn of the millennia, roughly half the world’s full-priced luxury purchases were made by Asians. And the industry is following the money: as of last year, Salvatore Ferragamo had 16 retailers in Singapore, a city-state of 4.5 million people; New York City, home to over 8.2 million and arguably the most developed of American consumer cities, offers only 10. Louis Vuitton has a similar expansion strategy, with 642 outlets in Asia Pacific, as compared to only...
...want to do business in China, call Balbina Wong. The deputy chairman and CEO of luxury-brand management and distribution group ImagineX, as well as its retail-management sister company the Walton Brown Group, Wong, 64, has played a pivotal role in the expansion plans of brands like Ferragamo, Hugo Boss, Marc Jacobs, DKNY, Tumi and Coach into what is predicted to become the world's biggest luxury market...
...else combines her knowledge of fashion with a real knowledge of the territory," says Michele Norsa, CEO of Ferragamo. Part of Wong's success, he says, is also owing to her physical presence. "When she enters a room, you see all her jewels and you feel her power." Wong, a Singaporean who does not speak Mandarin, is also an expert at the guanxi?loosely translated as "connections"?that are vital within China...
...Singapore and on Australia's Gold Coast. A stint behind the counter at Elizabeth Arden led to 25 years in the beauty business, culminating in a job working for Estée Lauder as regional sales and marketing director for Asia. A haphazard search for wide shoes led Wong to Ferragamo and eventually into fashion. Soon she was the brand's distributor for Hong Kong before moving to New York City to run Ferragamo's U.S. flagship stores. But sensing the potential of China, Wong moved back to Hong Kong in 1992 and became the founding shareholder in ImagineX...