Word: harvey
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...Harvey Nichols, a store that is often credited with starting the current dining trend, is completely renovating its 10-year-old Fifth Floor Restaurant and Bar, overlooking London's Knightsbridge. "We have to stay ahead of the times," says Dominic Ford, Harvey Nichols' restaurant and food retail director. "When we created this floor I wanted a restaurant that happened to be on top of a department store, not vice versa. It had to be high-caliber enough to bring people in, and that is why we have been successful." So successful, in fact, that Harvey Nicks now owns...
...says that 8.5% of its overall revenues of $558 million last year came from food and restaurant sales. Emad Estafanous, manager of the restaurants at privately owned Harrods, says that restaurants bring in roughly 5% (not including sales in the famous Food Halls) of the store's total revenue. Harvey Nichols' food and restaurant division grossed $24.9 million last year, 14% of the store's overall sales...
America's gilded ages have reliably ended in scandal, followed by soul-searching and reform. But investors are divided over what needs to be done. The gentle, self-policing era that SEC chairman Harvey Pitt proclaimed last October is dead and gone, but even some battered investors don't trust grandstanding lawmakers to distinguish between reforms that are needed and those that will cramp the recovery even more. That was the argument Dick Cheney and others made to the President--that in the long run, Bush will suffer more if he gets a quick political boost from reforms that strangle...
...America's gilded ages have reliably ended in scandal, followed by soul-searching and reform. But investors are divided over what needs to be done. The gentle, self-policing era that sec chairman Harvey Pitt proclaimed last October is dead and gone, but even some battered investors don't trust grandstanding lawmakers to distinguish between reforms that are needed and those that will cramp the recovery even more. That was the argument Dick Cheney and others made to the President-that in the long run, Bush will suffer more if he gets a quick political boost from reforms that strangle...
This someone looks a lot like Securities and Exchange Commission chairman Harvey Pitt, which is why he makes such an irresistible target and why even the Wall Street Journal's conservative editorial page has suggested that he lacks credibility as the nation's top securities cop. Financial scandals are mounting so rapidly on his watch that Pitt's boldest acts--his recent proposal to create an independent oversight board for the accounting industry, the fraud charges he has brought against WorldCom--seem to come a few beats late. "He is not doing the job, in my opinion," Senate majority leader...