Word: ince
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...modest brick building in central Stockholm and run by a large group of mostly Swedish designers who cull the hippest looks from the multitude of styles emitted by TV, music videos, the street and the runway. With annual sales of about $6 billion, H&M is smaller than Gap Inc. (sales top $15 billion, and the Gap brand represents 46% of that) but bigger than its closest rival, Zara, which reports annual sales of just over $4 billion, nearly three-quarters of its parent Inditex's total...
...newsstand, even the style-bible niche is shifting. ReadyMade magazine may appear, at first glance, to be reminiscent of that ultimate style-over-substance title, Wallpaper* (published by Time Inc., which also publishes TIME), but instead ReadyMade--with a circulation of 70,000--is aimed squarely at those who don't aspire, who don't want to buy anything. Except, of course, they do. Mirroring Martha's association with Sherwin-Williams, ReadyMade is working with Urban Outfitters to develop a co-branded line of paint. While the under-35 set might sniff at the consumption of the boomers...
...Forbes five--led by eldest son and former presidential candidate Steve and his brother Kip, who is vice chairman of the family's media empire, Forbes Inc.--have been unloading Dad's gems for years. In 1993 they sold $3 million worth of Orientalist paintings and drawings; in 1997, a toy-soldier collection for about $600,000; in 2002, some 60 Faberge objects for nearly $6 million. Other items have been sold as well, including the manuscript of Abraham Lincoln's last speech and a trove of other presidential documents, a 727 jet named Capitalist Tool and real estate...
...taken its toll. Ad pages at Forbes magazine fell 49% between 2000 and last year. In an interview with TIME, Kip Forbes, the third eldest of the siblings (there are four brothers and a sister), dismissed speculation that the flagship might be listing. He conceded that revenue for Forbes Inc. was down in 2003 from the previous year but said there was "no connection" between the Faberge egg sale and the tough business climate that has depressed revenue at all business publications, from the Wall Street Journal to TIME's sister publication Fortune. Without elaborating, he said the sale...
...also said proceeds from the Faberge sale, which included some 180 other works, would be put back into Forbes Inc. He said the first priority is to keep the magazine and its offshoots strong. "That's the goose, and we want to keep it laying eggs," Kip said...