Word: l
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Dates: during 1970-1979
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...ample "new look" that established his reputation and set fashion trends for a decade. Under the management of Jacques Rouet, now 60, it flourished, even after the death of Dior in 1957. But Boussac's textile empire, consisting of a score of companies under the name Comptoir de l'Industrie Textile en France (C.I.T.F.), declined steadily...
Poor management failed to respond to competition, first from European neighbors, and more recently from Third World countries where labor costs are lower. To keep C.I.T.F. going, Boussac mortgaged more and more of his possessions, which include race horses, half a dozen chateaux and the morning Paris newspaper L'Aurore. Finally, unable to borrow further, he reluctantly allowed the company to be taken over by a court-appointed receiver who will decide what, if anything, can be done to salvage C.I.T.F.'s 11,500 jobs. Last week, in an effort to keep C.I.T.F. alive, Boussac offered to give...
...Dior firm has plenty of suitors. Last week Robert Hocq, president of Jeweller Cartier, offered to pay $65 million for it. Among other potential buyers are French cosmetics manufacturer L'Oreal and champagne producer Moët-Hennessy, which bought Christian Dior Perfumes when Boussac needed cash in the early 1970s. The main concern of Dior's management and the French government is that the prestigious label remain in French hands. "You can't separate the Christian Dior image from France's," says Rouet. "When an American woman pays for the Dior label, she wants...
Lecture: Thursday Speaker Series--"Non-Russian nationalities of the USSR: Prospects for the 1980s." Edward L. Keenan, Professor of Russian History. 4 p.m., Science Center D. Free...
Memorial Church Service 11 a.m. The preacher will be the Reverend Judith L. Hoehler...