Word: golfed
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...grandma's tobacco farm. Ripplewood Holdings may be little known in the U.S., but the private-equity firm, based in New York City, is virtually a household name in Japan, thanks to a $2.5 billion shopping spree in which it has grabbed national jewels, including a bank, a golf resort and a record label. The current deal may or may not involve KDDI, the Japanese phone giant Ripplewood is reportedly negotiating with for purchase of its wireless units. In any case it's bound to raise another round of hysterical cries about a foreign invasion--a nice irony for those...
...Japanese bank--Long-Term Credit Bank, the fifth largest. Last year it snapped up the largest share in--and effective control of--Nippon Columbia, the 92-year-old record label whose name is synonymous with enka (Japanese folk ballads). Then Ripplewood bought out Seagaia, a sprawling golf and beach resort on the southern island of Kyushu that plays host to Japan's best-known golf tournament. Ripplewood also purchased Niles Parts, an auto-parts maker...
...business than to get back to it. Over the years the company had simply stopped producing hits, relying for sales revenue on the albums of enka queen Hibari Misora--who died in 1989. Nippon Columbia owned Denon, an audio-equipment maker, and odd assets such as real estate and golf memberships. The staff was bloated, the headquarters stuffy, and the company had not turned a profit in 10 years...
Collins turned Ripplewood's renamed Phoenix Seagaia Resort over to his fly-fishing buddy Michael Glennie, who had run the Boca Raton Resort and Club and the Waldorf Astoria in New York City, but who concedes that "this is a different challenge." Seagaia boasts five golf courses, four hotels and a convention center on six miles of Pacific coastline. It offers bowling, tennis and riding. It also has a water park called the Ocean Dome that costs $5 million a year to operate and includes simulated waves lapping at a beach made of imported crushed marble...
...surprised if you run into women on the links this summer carrying golf bags covered in 18th century French fabric. Toile (just say twall) is everywhere. "Toile is the new leopard," proclaims Cynthia O'Connor, whose showroom based in New York City sells the $555 Clever Carriage Co. golf bag, which will show up in select Neiman Marcus stores this spring. Even if you don't recognize its name, you know its best-selling patterns: romantic scenes of the French countryside, in black, red or blue on cream-colored cotton. The cozy, Old World designs were once found mainly...