Word: kleine
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...luxury-goods companies are now paying for overreaching in the '90s. Prada, which acquired Jil Sander and Helmut Lang back then, has been struggling with the resultant $743.6 million debt. And LVMH is reportedly looking to sell the Donna Karan company. Then there are retreating industry stars like Calvin Klein, who retired last summer, and Donatella Versace, who in an attempt to curb financial woes is closing stores and cutting budgets...
Moreover, two years filled with SARS, terrorism and war in Iraq have destabilized luxury fashion, driving the business and its creative talent down-market. Designers like Isaac Mizrahi and Todd Oldham have taken refuge--and found success--at Target. And even brands like Ralph Lauren and Calvin Klein are playing catch-up with Banana Republic and J. Crew, introducing new, inexpensive lines. As one industry insider put it, "None of the [Gucci brouhaha] matters because we'll all be wearing Target and Abercrombie & Fitch in two years...
...Klein's column on the debate over the Administration's request for $87 billion to maintain the occupation and begin rebuilding Iraq is an example of how the Republicans have framed the issue [Oct. 27]. Either you backed the entire $87 billion, or you voted against supporting our troops. That's nonsense. The onus should have been put on the Administration to provide accountability and allow Congress to do its job of appropriating money in chunks smaller than $87 billion. JACQUELINE BUEHRING Naperville...
There is no hope of brokering peace in the Middle East in this generation because Palestinians are not ready to accept the legitimacy of a Jewish state, prominent Israeli journalist Yossi Klein Halevi told an audience of 70 at the Harvard Hillel last night...
...Calling the Shots? Joe Klein's column on Vice President Dick Cheney and dysfunction in the Bush Administration was quite wonderful, as well as saddening [Oct. 20]. The U.S. has been the torchbearer of democracy for the past two centuries. America's efforts during World Wars I and II were quite an example for others to follow and admire. After 9/11, the U.S. had the sympathy of the whole world. But what the Administration has done from 9/11 till now has only turned that sympathy into hatred and disgust. Today one wonders who's the boss in America, Bush...