Word: high-end
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Perhaps you've heard that tune before? It's the strategy that Bernard Arnault used so brilliantly in creating LVMH out of a bunch of high-end, underachieving fashion labels: share resources, consolidate the back end to cut costs but nourish the brands' creativity, quality and individuality. "They have more money to do better development and make better products," says audiophile Tim Schwartz, 47, of Goodyear, Ariz., who owns $250,000 worth of McIntosh gear. "The company is leaving them alone so Randall can do his thing...
...exhibition's final section, "1990-2010, the Speed of the Future," showcases little more than a handful of high-end cars, a project for an Internet network that will operate like an omniscient global calculator, an advanced radar satellite technology and a simulator for Italy's high-speed train. Seen alongside the wealth of objects from previous decades, this is a deflating measure of Italy's uninspiring present tense. Yet the very success of the Palazzo delle Esposizioni, which is rapidly building a reputation for thoughtfully curated exhibitions, is cause for good cheer - as this exhibition shows, Italy may have...
Flay believes the trend is so far-reaching that he's planning to open a high-end burger chain, Bobby's Burger Palace--with a menu featuring variations from different parts of the U.S.--starting in Smithtown, N.Y., and Monmouth County, N.J. "Everybody across the country now understands that at any price point you should be able to eat well, whether it's a burger or a prix fixe meal at Thomas Keller," says Flay. "People are finally willing to pay more for better food, whether it's fast food or five-star food." Keller's upcoming Burgers and Half...
Like many high-end European and American designers, Jacobs is cashing in on the growing demand for chic clothing for the stroller and grade-school sets. The concurrent trends of older moms and dads and an increase in dual-income families mean that many boomer parents are not only richer but also ready to spend lavishly on their little darlings. The same people who casually shell out $800 for a Bugaboo stroller don't flinch at a $300 Little Marc cashmere sweater. As a result, sales of infant and toddler clothing have soared. In 2006 they spiked to $33.3 billion...
...European high-fashion brands like Dolce & Gabbana, Chloé, Missoni and Marni all sell miniature versions of their adult ready-to-wear pieces. Come summer, Alberta Ferretti, known for her flirty chiffon dresses, will launch Alberta Ferretti Girls through a licensing deal with Grant SpA, a manufacturer that also produces Moschino's children's line. Meanwhile, bad-boy British designer John Galliano has teamed up with Italian manufacturer Diesel to launch a pint-size collection next fall. Premium denim brands are rushing into this market too. High-end department stores like Barneys and specialty shops like Fred Segal sell $150 Antik...