Word: forde
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...days leading up to his recent Gucci spring 2004 runway show, Tom Ford was distracted. Contract negotiations with Pinault-Printemps-Redoute (PPR), the French retail group that controls Gucci Group, were not going well. But that didn't stop the designer from interrupting a fitting to ask an assistant to dash over to a nearby restaurant with a Polaroid camera. Ford was meeting some journalists there, and he wanted to make sure the restaurant had the right look. When it comes to image, Ford likes to control every detail, right down...
...perhaps not surprising then that control was the issue at the heart of the decision last week by Ford and his business partner, Domenico De Sole, to leave Gucci. It was what the duo had been fighting to maintain for the past year as they negotiated the terms of their contracts with Serge Weinberg, the low-key but firm chief executive of PPR. The pair's departure, if inevitable, was still the most cataclysmic thing to happen to the fashion world since Gianni Versace's murder in 1997. It rocked the luxury-goods business from Madison Avenue to the Place...
...reason. In just 10 years he and Ford had engineered a miraculous transformation of Gucci--from a dying label with $200 million in revenue into a flourishing, $3 billion luxury conglomerate with subsidiaries that include such brands as Yves Saint Laurent (YSL), Stella McCartney and Alexander McQueen. With his eye for louche glamour and his movie-star image, Ford, 42, redefined luxury, giving it a sexy, provocative edge. For most of the '90s it seemed as if he and De Sole could do no wrong. Ford had an unerring eye for reinterpreting what the public wanted; De Sole's managerial...
...INDICATORS red cadillac Detroit 's Big Three automakers - General Motors, Ford and DaimlerChrysler - reached trade agreements with China that will allow the export of thousands of vehicles over the next two years to the world's fastest-growing car market Strike Up The Broadband T-Online, Europe 's largest Internet service provider, posted a quarterly net profit of -3 million - the first since it floated in April 2000 - thanks to a rapid increase in the number of its broadband subscribers. Candid Camera Phones South Korea 's government called on cell-phone manufacturers to fit picture phones with an audible beep...
...said nothing on the walk across the parking lot to Newman's Volkswagen, the rear seat of which had been removed to accommodate a small block Ford V-8. After we got rolling, we discussed what we had just heard and decided that it would be better to devise a plan of our own: So it was decided that we would split the "brainstorming" responsibilities. Hotch would do the legwork and Paul would put up the $40,000 seed money. By the time we were on the open road, traveling at Newman's usual 90 mph pace, we both felt...