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...case to anyone who would listen. Critically, labor unions weren't hostile; they had already worked with his company and knew what to expect. And Mittal won a powerful French ally early on: François Pinault, a fellow self-made billionaire whose holdings include luxury designer Gucci. Pinault was appalled by the reaction to the bid. "I didn't like the welcome he received in France, nor the xenophobic, even racist character of certain comments about 'the Indian,'" explained Pinault, who joined Mittal's board and introduced him to the cream of the French business establishment. "Pinault really supported...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

...departure from Chloé in January, members of the fashion world have been gripping their metallic Paddington bags in anticipation of who would be her successor. (When Philo left, her design team soldiered on for two seasons under the direction of head designer Yvan Mispelaere, who is leaving to join Gucci.) The Chloé reins now go to Swedish-born, Milan-based Paulo Melim Andersson, 34, formerly design director of the popular Italian label Marni. Melim Andersson has big shoes to fill: under Philo's direction, Chloé became one of fashion's hottest brands, spurring mile-long wait lists for such must...

Author: /time Magazine | Title: Taking the Reins At Chloe | 12/6/2006 | See Source »

...works as a production assistant. Talk turned to head scarves, a particularly thorny issue given Turkish history. (While the traditional male Islamic headgear, the fez, was banned by law in 1925, the head scarf had simply fallen out of use.) Yesilada, who loves to mix Marc Jacobs and Gucci with TopShop pieces, thinks that head scarves should be tolerated. "After all, I wear hats. But I get concerned when I see someone veiled in black," she adds. "That's just not what this country...

Author: /time Magazine | Title: Bosporus Boom | 12/6/2006 | See Source »

Sometimes the next big opportunity is continents away; at other times it's in the backyard. In Paris, word has it that the high-end children's-wear brand Bonpoint is in play. Several luxury purveyors?including the Pinault family, whose retail holdings include Gucci and Yves Saint Laurent?have expressed interest. Bonpoint, the quintessential Parisian brand, is known for meticulous detailing and classics with a fizz in sizes 0 to 16. The company is both desirable and underexposed, and the Pinaults are well placed to observe the little consumers-in-training?their family mansion near the Luxembourg Gardens overlooks...

Author: /time Magazine | Title: Carriage Couture | 12/6/2006 | See Source »

...latest in a series of high-design boutiques to open in Tokyo's expensive Ginza district is Gucci. On the tail of Chanel and Christian Dior?which built modernistic marvels of their own in 2004?Gucci opened the doors to its long-awaited flagship, below, earlier this month. The dual-layer glass exterior of the eight-story building lights up at night with an installation by Shozo Toyohisa. Inside, the mood is a vast departure from the hard-edged sex appeal of Gucci's Tom Ford era. The new, less intimidating look incorporates warm color schemes...

Author: /time Magazine | Title: A to Z | 12/6/2006 | See Source »

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