Word: gft
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...Prada, Armani has been spending his cash--some $650 million in 1999--not on acquisitions but on tightening his control over the way his products are made, displayed and sold. Last month he bought two of the Italian factories that produce his signature White Label collection from conglomerate GFT, and he recently established an office in Singapore to run his Asian business. He has also bought back the franchise for his stores in Japan. The new accessories collection should be very lucrative, the company says. The shoes and handbags debut this fall with a flashy ad campaign...
Discount stores like Syms and Daffy's still draw customers by offering sharp suits (including some unsold European-designer merchandise) at sharply cut prices. Designers and retailers who work the high end with a continental flair are also flourishing. GFT USA, the American branch of the large Italian textile company that manufactures and distributes such lines as Armani and Joseph Abboud throughout the U.S., estimates that it has cornered 20% of the higher-priced men's market (anywhere from $800 up), about double its share of only five years ago. Says Alan Bilzerian, who sells his own line of stylishly...
Holograms, those silvery 3-D images that adorn 500 million credit cards, will - soon make an appearance on another product: designer clothing. Garments made by Italy's Gruppo GFT for European designers Valentino, Emanuel Ungaro and Claude Montana will arrive in stores next spring bearing wafer-thin holograms that are glued to labels inside the clothing. The images, virtually impossible to copy, will certify to shoppers and retailers that the designer pieces are authentic. Anyone who tries to rip out the label and transfer it to a counterfeit designer garment will ruin the hologram. Clothing manufacturers hope the holograms will...
...Puffin's maiden flight last fall, Wimpenny's legs churned bicycle pedals that turned both the main landing-gear wheel and the gft. propeller attached to the plane's tail. Puffin stayed aloft for less than a minute. Not until spring did Wimpenny manage a 993-yd. flight, and even then his aircraft could not make the required figure-eight turns. Said Wimpenny last week as he waited for calm weather so that he could try again: "We can now turn Puffin right 'round...
Outside the little northern Texas town of Krum last week, a platoon of railroad workers spaced gft. ties along a new track bed, spotted rails over tie plates and pounded home the spikes. This was no ordinary track-laying; the gandy dancers were laying the longest stretch of new line-49 miles-in the U.S. in 20 years...