Word: gucci
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...That's the way he finishes his jobs," says Hayden. Trump has even less decorous ways of being difficult. Architect Scutt recalls & that when Trump Tower once fell 15 days behind schedule, Trump kicked a chair all the way across a conference room. "He ruined a new pair of Gucci loafers," says Scutt. "He always has to have...
...street chic, while the shorts have become so popular that some manufacturers are making them without the padding, for everyday wear. "Bicycle shorts are now avant-garde fashion," says Bruce Burgess, owner of Bicycle Holidays in Vermont. "Who cares if you've ever seen a bike?" Still to come: Gucci panniers, kidskin biking gloves, designer training wheels...
Even though the Gucci family's feuds have often resembled a Florentine version of TV's Dynasty, the luxury-accessories company has managed to remain closely held since it was founded by Guccio Gucci in 1904. Alas, no longer. The company announced last week that a 47.8% stake in the corporation has been sold for an estimated $135 million. The buyer: Investcorp, a Bahrain-based investment firm owned by more than 12,000 Arab shareholders, many of whom are prominent financiers and politicians...
Giving up most of their shares in the Gucci company are the sons of Aldo, 83, the sole surviving son of the founder. A nephew of Aldo's, Maurizio Gucci, is still claiming 50% ownership in the firm, but his three cousins are contesting him in Italian court on the ground that he inherited his shares by forging his father's signature...
...visitors journeying to the U.S. do not hesitate to spend money. Like Americans who stocked up on Burberry trench coats, Gucci loafers and Hermes scarves in Europe back when the U.S. currency was king, tourists in the U.S. are seizing upon a host of unbeatable deals made possible by the fallen dollar. Clothing, cameras and cosmetics are among goods that are often 20% to 30% cheaper in the U.S. than back home. Sometimes the savings can be even greater. A pair of Levi's 501 jeans selling for $76 in West Germany, for example, can be bought for less than...