Word: maytag
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...engage chefs anymore," Yoon says. "It's not the most fun night to hang out." Father's Office is now one of the most crowded restaurants in L.A., with people willing to stand in order to eat Yoon's $12 burger, which comes with caramelized onions, Gruyère, Maytag blue cheese, bacon compote and arugula--whether you like it that way or not. He's able to make the food he wants, without compromise (he doesn't serve ketchup), because of the gourmetization of America. Even burger munchers now care about the pedigree of their food...
...comes the hard part. Staying relevant and competitive in the appliance business is getting more difficult--just ask Maytag. Viking has attracted a slew of competition, from GE to Wolf, companies that have followed its path upmarket. The reason is obvious: Why struggle selling discount white goods when Viking has proved that you can sell a $20,000 range to a generation of gourmet-chef aspirants...
...sign of the frenzy is deal jumping. In the past, such a tactic was rare in the private-equity club. Historically, going-private transactions were bumped only when a strategic buyer jumped in, such as Whirlpool Corp. against Ripplewood in the Maytag contest, or Building Materials Corp. of America's attempt to bust up the Carlyle Group's buyout of ElkCorp. For PE investors deal jumping was considered a faux pas. "It has long been suspected that there is an unwritten gentleman's agreement among private-equity firms to refrain from jumping each other's deals," said Chris Young, director...
Appliances Shoppers at select Maytag outlets can use major appliances in the store to see if the spin cycle suits them. They can pop a roast in an oven or check the rinsing action on a dishwasher. Bring your dirty laundry, and you can, at the very least, finish a chore...
...folks play the spiritual parlor game called Taking Stock, in which the players consider what the world's shapers have given them. In these pages is one view of life at the end of 1993: science looks ahead; art looks back. Each discipline could help the other. Those stratospheric Maytag repairmen from the Endeavour might be hired to wire the TV set of the future for 500 channels, and then maybe the gene wizards could splice some decent programming into it. Biosphere II might be a good place to lock away all those fun couples -- Burt and Loni, John...