Word: manganella
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...your women’s clothing and accessories needs, JasmineSola will no longer be the place to go. Founded in 1970 in Harvard Square, the upscale women’s clothing line is being shut down by New York & Company, which purchased JasmineSola two years ago from founder Luciano Manganella. The company hopes for higher profits following the move, according to a press release. “We believe that we can generate greater shareholder value by directing our resources and capital towards growth initiatives within our core New York & Company brand and therefore have made the difficult decision...
...Manganella characterized his Harvard Square clientele as a mix of students, Cambridge residents and tourists...
Last month, the Boston Globe reported that Manganella was in talks with venture capitalists to open 50 more JasmineSola stores across the country in the next five years...
While other clothing chains promote their own brands, JasmineSola offers dozens of external brands and sells its own line of clothing. Manganella said he doesn’t feel threatened by other retailers and that he tries not to think about his competitors...
...philosophy is the best competition is no competition,” Manganella said...