Word: gft
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Dates: during 2000-2009
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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...