Word: grosse
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Dates: during 2000-2009
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...never occurred to anybody in the basement of the Louvre that morning that Sheetal Mafatlal, 33, was one of India's biggest luxury dealmakers. Although Mafatlal could easily afford to scoop up gowns by the gross, she wasn't shopping for herself. She was on a fact-finding mission as a prelude to opening the first Valentino store in India, in partnership with Valentino Fashion Group SpA, in New Delhi's five-star Shangri-La hotel. Valentino is the first of several Western designers introduced into India by MLP (Mafatlal Luxury Private), the company Mafatlal heads...
...based in Manhattan, has been populated by a handful of familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG. So it's not surprising that in the past two years dealmaking in this sector has shifted into overdrive. Since February alone, Jil Sander was snapped up by London-based...
...Gross domestic product...
...while the Cardinals have historically made less money than other clubs, they're hardly in the poorhouse. This year, for example, they'll get the same $100 million--plus in revenues from national television rights that every other team gets. The NFL, armed with new TV contracts, should gross more than $7 billion, up from $6 billion...
...albatross, or that the regulators would rig the game to the company's advantage, has been put to rest. The world has changed?for Telstra and its competitors, investors and Canberra. Voters have wised up. Australians have now lived through a decent cycle of asset-market turbulence (even though gross domestic product has been expanding for 15 years). Says one government adviser: "House prices are the key to how Australian voters feel about their wealth. Full stop." Among existing homeowners, only those who bought late in the boom in Sydney or Melbourne are unhappy, more likely with themselves than with...