Word: label
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Dates: during 2000-2009
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...city is suing Moreno and the Angels for violating the spirit of a 1996 agreement with prior team owner Disney. The city conceded the bulk of revenue sharing with the Angels in exchange for the Anaheim label (the team was called the California Angels from 1965, the year before it moved from Los Angeles to Anaheim, through 1996). "He's stepping on the little guy, the taxpayer," says Pringle, who claims that under the pre-1996 contract the city would have received $11.5 million more from the team last season. The Angels note that Anaheim is still in the title...
...partner in building and then fleeing the company--is indeed signing on but not as a hire. In one of two deals that will launch a privately owned Tom Ford luxury brand, the Texas-born designer--who long maintained that he would never put his name on a label--will design a limited line of beauty products due out this holiday season under a Tom Ford for Estée Lauder label and follow up with a stand-alone series of cosmetics and fragrances. The Lauder brand, it seems, will benefit mainly by association...
That's apparently sufficient for now. Despite the troubles of its flagship label, and growing competition from giant mass marketers like Procter & Gamble and Avon, Lauder's revenues have been climbing at an 8% clip annually. "If the deal works, great," says Linda Bolton Weiser, an analyst at Oppenheimer & Co. "If it doesn't, they aren't betting the ranch." Hip makeup brands like M.A.C. and Bobbi Brown and a stable of high-margin skin creams and hair-care products should keep the company growing in the short term. Ford says he'll be mining Lauder's archives for ideas...
Though many of Lauder's 23 brands are celebrity and designer lines, no outsider has shared real estate with the Lauder name in the label's 59-year history. Still, William Lauder denies that the family is divided about the Ford alliance. Indeed, he says, Leonard Lauder himself set the wheels of the deal in motion after De Sole approached him last summer in Aspen, Colo., where the two own homes. But the quidnuncs were half right. John Demsey, who ran the M.A.C. business before becoming global president of the Lauder brand in January, admits that he and Aerin Lauder...
...some sharp-eyed TIME readers were surprised last week to see a photo of the Majority Leader smoking one of Cuba's best-a Hoyo de Monterrey double corona, which generally costs about $25 when purchased overseas and is not available in this country. The cigar's label clearly states that it was made in "Habana." The photo was taken in Jerusalem on July 28, 2003, during a meeting between DeLay and the Republican Jewish Coalition at the King David Hotel in Jerusalem...