Word: lord
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Baker saw a chance to revitalize an iconic brand name. He and his three NRDC Equity partners (one of whom is his father Robert Baker) bought the property for about $1.1 billion, a small stake in Federated's $27 billion business in annual sales. "What we liked about Lord & Taylor was that it had great DNA, a very solid management team and a large amount of spectacular real estate," says Baker. National Realty & Development Corp., the original family business Robert Baker started and continues to own with Richard, is one of the largest, privately held companies, with more than...
...steps to show the fashion community that he was serious about turning around the brand. He met with vendors, publications and the Council of Fashion Designers of America (CFDA) asking for advice and partnerships. He recently started a new company called Creative Design Studios that will own all of Lord & Taylor's proprietary brands and invest heavily in up-and-coming American designers, like Cynthia Steffe, regardless of whether they sell to his store. He has become a major underwriter of the CFDA Vogue Fashion Fund, which mentors and financially assists young talent. Seventy new vendors, who had not shipped...
Steffe is on board as is designer Charles Nolan, who will re-energize the store's proprietary Kate Hill brand. Bryan Bradley of Tuleh, who is creating an exclusive Lord & Taylor line, will play up the chain's history. His collection will feature $30 rock-concert-style T shirts with sayings and imagery lifted from the store's archives (think Lord & Taylor's red rose and an art director's wit circa 1954). Upscale chiffon dresses, sweaters and blouses in the $70 to $280 range are also part of the classic yet sexy and modern line. "Lord & Taylor is what...
Spending the necessary cash to get Lord & Taylor back on track commercially?something Federated neglected to do?is equally as vital as retooling the merchandise. Baker has signed on the David Lipman Agency (of the Burberry and David Yurman campaigns) as creative consultants to redesign boxes, bags and credit cards, and will launch a September advertising campaign shot by Mario Testino that features Lauren Hutton, Carolyn Murphy and the sons of John McEnroe and Clint Eastwood. He's plunking down $250 million to update Lord & Taylor locations around the country and $100 million to renovate...
...from the powerhouse it was in the 1940s, '50s and '60s. The originator of the Christmas window and the first to hire a woman president and personal shoppers was once a showcase for high-end American designers?a tradition Baker hopes to revive. But when Lord & Taylor was bought by Associated Dry Goods in the late '70s, it lost its edge as a fashion leader. May Co.'s 1986 acquisition only contributed to their downward spiral. "Lord & Taylor was the golden jewel in May's portfolio, but [the owners] didn't focus on it," says Christine Chen, a retail analyst...