Word: gucci
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Dates: during 2000-2009
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TRAPANI No. I want us to consolidate our position in the categories that we have. When I took over in 1984, we were not part of the big game. Today we are, but it's challenging because the other luxury brands, like Gucci, Hermès, Chanel, Cartier, are all very strong...
Even by the high standards of the fashion industry, the buzz about Tom Ford's next move reached a fever pitch early this spring. Rumor was that the celebrity designer--who over the course of a decade helped transform the Gucci Group from a $200 million purveyor of leather goods to a $3 billion luxury conglomerate--was being wooed to be creative director of cosmetics giant Estée Lauder. Would Ford be hired to revive its flagging eponymous brand (which has lately developed a somewhat dowdy aura, putting a damper on sales)? The New York Post claimed that Leonard Lauder...
...speculation was put to rest in mid-April when Estée Lauder revealed that Ford--along with Domenico de Sole, Gucci's former CEO and Ford's partner in building and then fleeing the company--is indeed signing on but not as a hire. In one of two deals that will launch a privately owned Tom Ford luxury brand, the Texas-born designer--who long maintained that he would never put his name on a label--will design a limited line of beauty products due out this holiday season under a Tom Ford for Estée Lauder label and follow...
...able to reintroduce the Lauder brand to a generation that really doesn't remember the iconic things Estée introduced in the 1960s and '70s," he says, referring to the company's founder, who died at 97 in April last year, around the same time Ford left Gucci in a huff...
...recent years, Coach has won over shoppers with its innovative styles and what Coach Japan CEO Ian Bickley calls "accessible pricing." (Small Coach bags start at $275; small Louis Vuitton bags average about $872.) Sales have tripled since 2001; and two years ago, the company bumped Gucci to claim the No. 2 spot for imported bags and accessories in Japan. Though it has a way to go to catch Louis Vuitton--Coach has an 8% share in Japan, and LV has 28%--the company plans to add another 40 to its current 107 Japanese locations over the next four years...