Word: langs
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...business of fashion isn't always a pretty thing. Designers are increasingly bending to the whims of corporate backers, as big names like Helmut Lang have lost control of their houses, while designers like Alexander McQueen and Stella McCartney have been given ultimatums to boost profitability. Valvo, in contrast, owns his own $80 million company--an industry rarity--and has no intention of ceding control...
...last week, Helmut Lang, the Austrian-born ready-to-wear designer and reigning minimalist of the '90s, resigned from his own company, which is owned by the Prada Group. The move ended a feud with Prada CEO Patrizio Bertelli over how to reverse losses at Lang's line. In the mid-'90s, Lang's sales were as high as $100 million. When he sold a 51% stake in his namesake brand in 1999, Lang touted Bertelli as a guy who "understands the culture of a high-end product," and said, "His line is very, very well managed." Bertelli, who later...
...Prada designer Miuccia Prada, already has some experience with trying to keep a line going after the designer has departed. In November designer Jil Sander walked out of her Prada-owned company for the second time. Back in 1999, less than six months after striking a deal with Lang, Bertelli bought a 75% stake in Sander's coveted ready-to-wear label. The deal made the Prada Group Italy's largest private luxury-goods conglomerate. Echoing Lang, Sander said she had picked Prada from a string of suitors because her company and Prada shared a "common understanding of fashion." Just...
Dartmouth (4-9, 1-1 Ivy) led 47-46 with 35 seconds left, when Mike Lang drained two free throws to give the Big Green a three-point cushion. Giovacchini attempted to draw the Crimson (5-9, 1-1 Ivy) back within one on a drive with just 13 seconds remaining, but his shot was off the mark and Dartmouth’s David Gardner pulled down the rebound—one of his team-leading nine...
Stehle hit three treys on the evening, including one during Harvard’s 12-2 run out of the intermission that turned a nine-point halftime deficit into a 34-33 lead. After Lang nailed a three for the Big Green to push its lead back to four, Stehle connected from downtown again to bring the Crimson back to within a point...