Word: manhattans
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Dates: during 1980-1989
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...perfect summer drink," says a Manhattan convert. The concoction -- one part fresh peach juice, two parts champagne -- is Cipriani pride: Giuseppe, Harry's father and founder of the Venetian bar, invented it. But now it is putting down U.S. roots. BELLINI AND BRUNCH signs sprout each weekend at see-and-be-seen spots around the land. And a home mix, stirred up by Champagne Editions, is on the market nationwide. Peachy...
Last week that career change paid off in a spectacular fashion. Lewis struck a single deal that will transform his investment firm, TLC Group, into the largest black-owned business in the U.S. Beating out such rival bidders as Citicorp, Pillsbury and Shearson Lehman Bros., Manhattan-based TLC (stands for "The Lewis Company") signed an agreement to make a $985 million acquisition of Beatrice's International Food division, a profitable hodgepodge of 64 companies in 31 countries that manufacture everything from ice cream to sausages...
Lewis first got Wall Street's attention in 1984, when TLC snapped up Manhattan's McCall Pattern Co. with only $1 million in cash and $24 million in borrowed funds. He immediately set out to revitalize the 117-year-old sewing- pattern company. "We emphasized quality, cost containment and cash flow, and we made money," says Lewis. Indeed, McCall's earnings more than doubled last year, to $4.9 million. In July Lewis dazzled the financial community by selling McCall to the John Crowther Group, a British textilemaker. The buyer paid $63 million and agreed to assume $32 million in debts...
Lewis is no easier on himself. Rising before dawn in his Manhattan brownstone house, he puts in eleven-hour workdays. He has a reputation for being an intense and demanding perfectionist who hates to lose, even in a tennis match. Says TLC Counsel Charles Clarkson: "Some people may say that he is difficult, but he focuses on what has to be done...
...every way but one, it was the sort of spasm of urban violence that gets a glancing, one-shot story in the local papers. On a steamy June night in 1985, on the Upper West Side of Manhattan, a white plainclothes policeman shot and killed a young black man named Edmund Perry. The cop said Perry and another man had assaulted and attempted to rob him. But Eddie Perry was no down-and- out hood. Only days before, he had graduated from Phillips Exeter Academy, one of the nation's most exclusive prep schools. He would have entered Stanford...