Word: forde
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...last year, quietly acquiring more than 20% of its outstanding shares--which he still holds--and then making an $8.7 billion bid for the whole firm, Gucci struck back by emulating the very business that was trying to acquire it. Gucci CEO Domenico De Sole and creative director Tom Ford started purchasing premium fashion brands in a bid to become a luxury superpower to rival LVMH...
...apply our own business model to YSL," De Sole promises, "going from a licensed-type situation to a controlled situation." Last week YSL announced it would be cutting its licensing agreements from 160 to about 50 to protect the value of its brand. It doesn't hurt that Ford, arguably the premier designer in fashion, will be the creative director of the sleeker, sexier Yves Saint Laurent. And De Sole hints he is not done yet. "There are good opportunities," he says. "There are companies out there that can be bought. But I do have a limit. I have...
That impact may be felt very soon. The first major field test of fuel-cell vehicles will take place this year in California. And by 2004, DaimlerChrysler and Ford--as well as GM, Toyota and other companies--expect to be selling fuel-cell cars directly to consumers...
Cars like the NECAR4, housed in a lab near Stuttgart, could help make that happen. This experimental vehicle, being jointly developed by Ford, DaimlerChrysler and Canada's Ballard Power Systems, gets its energy from hydrogen--the most abundant fuel in the entire universe. Hydrogen, unlike fossil fuels, contains no carbon atoms and thus generates zero carbon dioxide. However, it could produce some pollution, since burning hydrogen taints the atmosphere by rearranging air molecules to form nitrogen oxides and ozone...
...grew up on the edge of Washington's Rock Creek Park. The National Zoo was part of my stamping ground. I used to slip for miles through the forest, playing war, keeping to the creek, making myself invisible, until I crossed the water at the ford and headed up toward the elephants and the snake house. My older brother and I were feral, free-range children, independent at ages eight and ten in a way that seems strange or impossible now. We engaged from time to time in juvenile gang warfare. We had vicious rock fights with boys from another...