Word: giante
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...Stearns, went from seemingly healthy to dead meat in about five days. Federal Reserve Chairman Ben Bernanke, desperate to avoid a sudden collapse that might cause a full-fledged market panic, invoked a little-known 1930s legal provision to engineer a Sunday fire sale of Bear Stearns to banking giant JPMorgan Chase for a mere $2 a share. (Bear's stock price was $57 a week before, $171.51 in early...
...dvds. Cell-phone users can also expect to get months of free access to a catalogue of songs. Nokia will launch its Comes With Music service later this year, reimbursing artists and their labels from expected new sales of its music-compatible phones; a similar service, available through Korean giant LG, will come out in the summer. The first record company to offer its music for both these services? Universal, led by the once skeptical Morris...
...scale of this operation: when it comes to giant single-fashion brands, Hugo Boss AG is huge (although not, it should be noted, as huge as Polo Ralph Lauren). LVMH (the market leader), Gucci Group/PPR and Richemont, which owns Chloé, are also bigger, but they are multi-brand conglomerates. Of the single brands, for menswear only, Hugo Boss is as big as its two nearest competitors, Giorgio Armani and Ermenegildo Zegna, combined. The company still makes 1.6 million suits a year, but that's old news; it now reflects a wider cultural shift and has repositioned itself from a suit...
...solid farming stock, he was always more interested in fashion than in fertilizer. "I can't explain this. There was no one in my family like this. I have checked back several generations," he says. Sälzer's résumé includes four years with hair-care giant Schwarzkopf. "Hair care is very close to fashion," says Sälzer, the father of four sons. "For women, it is the only thing you can change. I would not say I was fashionable, but at Schwarzkopf, we worked a lot with Vivienne Westwood...
Topping It Off At the fall 2008 menswear shows in Milan, the must-have accessories were hats?from nubby caps to huge fur trappers. At Burberry Prorsum, designer Christopher Bailey gave his military caps a rugged country look, while Alexander McQueen's giant fox-fur hats had a wind-blown Tibetan vibe. And Domenico Dolce and Stefano Gabbana replayed their English rock-'n'-roll favorite: the 1970s-style Carnaby...