Word: forde
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...radio market. XM generates 50% of customers with new-car sales (Sirius does better in the aftermarket), and XM's financial backers, GM and Honda, offer XM radios as standard equipment in 62 models, selling the tuners in 30% of their new vehicles. Sirius' partners, such as DaimlerChrysler and Ford, are running at a 10% to 15% installation pace, says analyst Lee Westerfield of Harris Nesbitt. All told, he estimates that XM's automotive partners hold a 10-point market-share lead over automakers aligned with Sirius, amounting to an extra 1.7 million potential customers a year for XM just...
Even by the high standards of the fashion industry, the buzz about Tom Ford's next move reached a fever pitch early this spring. Rumor was that the celebrity designer--who over the course of a decade helped transform the Gucci Group from a $200 million purveyor of leather goods to a $3 billion luxury conglomerate--was being wooed to be creative director of cosmetics giant Estée Lauder. Would Ford be hired to revive its flagging eponymous brand (which has lately developed a somewhat dowdy aura, putting a damper on sales)? The New York Post claimed that Leonard Lauder...
...speculation was put to rest in mid-April when Estée Lauder revealed that Ford--along with Domenico de Sole, Gucci's former CEO and Ford's partner in building and then fleeing the company--is indeed signing on but not as a hire. In one of two deals that will launch a privately owned Tom Ford luxury brand, the Texas-born designer--who long maintained that he would never put his name on a label--will design a limited line of beauty products due out this holiday season under a Tom Ford for Estée Lauder label and follow...
...great," says Linda Bolton Weiser, an analyst at Oppenheimer & Co. "If it doesn't, they aren't betting the ranch." Hip makeup brands like M.A.C. and Bobbi Brown and a stable of high-margin skin creams and hair-care products should keep the company growing in the short term. Ford says he'll be mining Lauder's archives for ideas. "I'll be able to reintroduce the Lauder brand to a generation that really doesn't remember the iconic things Estée introduced in the 1960s and '70s," he says, referring to the company's founder, who died...
Much of the emphasis at this year's show was on innovations, such as the remodeled Ford, that take soldiers a step away from maximum danger. Quinn, the robot-program manager, thinks the future belongs to those who will move humans even farther from the battlefield. Several of his Talons are already on their way to Iraq...