Word: luxottica
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...kids and designing 10 collections a year. Although she does it with inimitable flair (and heaps of diamonds), Donatella Versace admits she has had to work hard to gain respect. Lately, the company has experienced some financial difficulty, but severe cost cutting and a licensing deal with eyewear giant Luxottica SpA promise to boost revenue. Here Donatella talks to TIME's Kate Betts about fashion divas, other designers and Madeleine Albright...
Injecting some testosterone into his Retail Brand Alliance holding company (which includes such women's chains as Casual Corner and Petite Sophisticate), del Vecchio bought the venerable if fraying male clothier Brooks Brothers. After years of working for the eyewear conglomerate Luxottica, founded by his father, del Vecchio, 44, is asserting his own style...