Word: gucci
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Dates: during 2000-2009
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...side of the room, ensconced on a banquette with some Parisian notables, was François-Henri Pinault, the affable CEO of PPR (formerly Pinault-Printemps Redoute), which owns Bottega Veneta and other high-end brands such as Gucci. At the center table, surrounded by furniture dealers and a smattering of old friends, sat Tomas Maier, 49, the German-born creative director of Bottega Veneta and the designer largely responsible for ushering in a profitable countertrend of subtlety and refinement to the overblown, logo-besotted luxury market. The mood he had created for the dinner jibed seamlessly with the mood...
...lines of fine jewelry and furniture, Maier opened 18 stores in 2005; 10 more will make their debut this year. He has transformed Bottega Veneta, which is on its way to an estimated $238 million in sales this year, into PPR's second most successful label after Gucci--even surpassing the iconic Yves Saint Laurent brand. Revenue grew 66% last year to $190 million, and profits tripled to $17 million. PPR didn't expect to earn a dime on the brand--which it bought in 2001 from the Moltedo family who founded it--until next year...
...MADRID Gucci's studded eyewear ($275) is a hit among señoritas at Spanish boutiques Trendy and Zelai...
...Owner of three restaurants in Bombay and Goa, two lifestyle stores in Delhi and an export business, Chaudhri, 30, has the money, if not necessarily the time, to go on shopping safari, and her closet is full of trophies: Louis Vuitton, Prada and Chanel handbags; sunglasses by Bulgari and Gucci; countless designer outfits; shoes by Sergio Rossi, Tod's and Jimmy Choo. These days, she doesn't have to go overseas to indulge. Jimmy Choo, for example, just announced plans to open its first outlet in India, much to Chaudhri's delight. "I think it is fabulous," she says, "because...
...brands love India. Jimmy Choo and Gucci are just the latest makers of luxury goods to target India as the next hot growth market, joining Herm?s, Christian Dior, Louis Vuitton, Cartier, Piaget, Tiffany, Moschino and others. Last October, Chanel launched its brand by organizing an exhibition and haute couture extravaganza in New Delhi's tony Imperial Hotel with models flown in from Paris. That same month, Swatch Group introduced its Breguet watches (average price: $30,000) to India, which it hails as one of the world's most enticing growth markets. In January, the Indian government gave upscale retailers...