Word: leathering
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Dates: during 2000-2009
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...beautiful piece of vintage luggage might seem like an ideal travel companion. Stylish, graceful and conjuring up a more refined era of globe-trotting, a 1920s leather case is guaranteed to turn heads at the airport. Unfortunately, though, these glamorous artifacts weren't designed for the trials of modern travel. After being tossed around by baggage handlers and bashed up in the luggage hold, your beautiful case could well end up a sad sack...
...possible to indulge in nostalgia without your clothes ending up scattered across the carousel. In October, the British company Uppercase will launch a new line of hand-stitched leather cases inspired by the elegant designs of the 1920s, but with the sturdiness of modern luggage. And you won't have to dig deep for this collection. Briefcases start at a meager $280, while a 69-cm-tall trolley case - big enough for a world trip - will set you back only...
...fall, but the real must-have of the moment is a megadeal. 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...
...familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG. So it's not surprising that in the past two years dealmaking in this sector has shifted into overdrive. Since February alone, Jil Sander was snapped up by London-based Change Capital Partners, English luxury retailer Asprey was bought...
...explains. He demanded to know what the dealership's top salesmen made--and got the job. Banishing all doubt--"You can't sell a $40,000-to-$50,000 car with menial thoughts"--Adams took four days to retail his first vehicle, a Ford F-150 Lariat with leather interior. He knew that many fellow salesmen don't notch their first score until their second week. "Right now, I'm above average!" he exclaims. "It's a new day God has given me! I'm on my way to a six-figure income!" The sales commission will help with this...