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...Mafatlal could easily afford to scoop up gowns by the gross, she wasn't shopping for herself. She was on a fact-finding mission as a prelude to opening the first Valentino store in India, in partnership with Valentino Fashion Group SpA, in New Delhi's five-star Shangri-La hotel. Valentino is the first of several Western designers introduced into India by MLP (Mafatlal Luxury Private), the company Mafatlal heads...
...Everywhere you look in the global luxury business, a merger or acquisition is going down. Private-equity players like Apax Partners are snapping up such brands as Tommy Hilfiger; giant manufacturers like Samsonite are investing in small leather-goods businesses such as Lambertson Truex. Department stores like Italy's La Rinascente are swallowing Printemps, its competition in France. And established names like Valentino are diving into such emerging markets as India. Last month the Gucci Group was rumored to be eyeing the London-based Alice Temperley label. Next thing you know, parent company PPR will be purchasing Italian jeweler Bulgari...
When the members of the French socialist Party held their summer seminar in the pretty coast town of La Rochelle last month, they discussed the sort of topics that only a true policy wonk could love. Does there need to be "a new equilibrium between labor and capital"? Is Latin America "the new horizon of socialism"? [an error occurred while processing this directive] Behind the high-toned banter, however, lay a visceral political yearning. France's left has not held the nation's presidency since 1995, and it is hungry for power. It might be thought odd, then, that...
...former Mitterrand acolyte, she negotiated the 2001 merger of state-owned firms to create the world's biggest builder of nuclear power plants. Reappointed this summer for five more years, she vows to make nukes a clean, safe choice for the post-oil future. Muriel Mayette Head Of La Comedie-Francaise Last month she became administrator general of the prestigious state theater, a male redoubt since its founding in 1680. She told Le Monde she intends to make it "a symbolic fiefdom for the defense of French culture." Laurence Parisot President Of Medef The CEO of the marketing firm IFOP...
Silicone first appeared in kitchens in the form of French-made Silpat baking mats. Next, the versatile nonstick material made its way into ultra-heat-resistant pot holders, super-slippery spatulas, whisks and colorful baking pans. Now Sur La Table has some gadgets that take advantage of silicone's flexibility while saving on storage space. The POP COLANDER, POP STRAINER and CHEF'N SLEEKST0R collapsible measuring cups pop open into full-size utensils for use but collapse completely flat for easy storage. Silicone's continuing kitchen evolution can save you from having to fumble for the right lid for your...