Word: high-end
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...which is owned by the Prada Group. The move ended a feud with Prada CEO Patrizio Bertelli over how to reverse losses at Lang's line. In the mid-'90s, Lang's sales were as high as $100 million. When he sold a 51% stake in his namesake brand in 1999, Lang touted Bertelli as a guy who "understands the culture of a high-end product," and said, "His line is very, very well managed." Bertelli, who later purchased the remaining 49% of the brand, was just as excited about the combination. His big plans for the Lang line included...
...happen. This counterblast (much of it in a paper written by Columbia University's Jagdish Bhagwati, today's unchallenged intellectual champion of free trade) has two parts. First, free trade's defenders say, it is unrealistic to assume that China or India will suddenly develop a monstrous capacity in high-end, high-technology innovation. "The oft repeated argument that India and China will quickly educate 300 million of their citizens to acquire sophisticated and complex skills," write Bhagwati and his colleagues, "borders on the ludicrous. The educational sectors in those countries face enormous difficulties." This rings true. For the past...
...price isn't the only weapon. When European shoppers aren't taking the low road, buying $7 blue jeans at Tesco or slippers and bratwurst at Lidl, they're traveling the high road: splurging on organic honey at Britain's Waitrose or Yves Saint Laurent blouses at France's Printemps, stores that have demonstrated an uncanny ability to identify and cater to the nuanced needs of high-end consumers. All of which squeezes out the middle. "There are bipolar developments," says Johanna Waterous, a McKinsey & Co. director, who leads the retail practice in the consulting firm's London office...
...NEWEST STATUS SYMBOL The two-seater Lexus LS-F, designed to compete with high-end European roadsters, will be the first car from Toyota to crack $100,000. --By Joseph R. Szczesny
...High-end designers are chasing the booming children's-wear and children's-furniture markets with ever more stylish fare. Already companies like Bottega Veneta, Tod's and D&G have been creating apparel and leather goods for tots, and J. Crew is entering the field with tiny Argyle cardigans. In response to increasing demand for baby furniture that "flows with the rest of the house," the home-furnishings website Nurseryworks has commissioned midcentury modern-style cribs, above, changing tables and rocking chairs from California-based designers Glenn Lawson and Grant Fenning of Lawson-Fenning, as well as graphic bedding...