Word: mitsukoshi
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...contemporary clothing?the original BCBG Max Azria line?that is big business for upscale department stores around the world like Neiman Marcus, Nordstrom, Macy's, Harvey Nichols, Hong Kong's Lane Crawford, Taiwan's Mitsukoshi and Singapore's Takashimaya. "They fill a lot of niches," says Frank Doroff, general merchandise manager at Bloomingdale's. "If you want clothes to go to work, to go out at night, a dress to wear to an occasion, they're trend right." Doroff says it all started with "the slinky dress," but what really put Azria on the map were his "sexy tops...
...Price paid for a diamond-studded Hello Kitty necklace at Tokyo's Mitsukoshi department store...
...street. "Companies are going to go under and Japan offers no support for the unemployed," frets Minoru Morita, a prominent political analyst. Already, LDP politicians and Tokyo bankers are circulating a list of 51 companies presumed likely to meet with peril under the plan?including retailer Mitsukoshi, video gamemaker Sega and trading outfit Nissho Iwai, plus a slew of construction, heavy machinery and real estate companies. Goldman Sachs estimates that if all 51 companies on the list were to close, Japan's unemployment rate would jump from 5.4% to 6.1%. And that tally doesn't include thousands of small...
...sale of the 1901 Motherhood for $24.8 million. Then last week a 1905 gouache titled Acrobat and Young Harlequin was sold at a London auction for $38.4 million, a record for a 20th century painting. The buyer was identified as Akio Nishino, head of fine arts for Tokyo's Mitsukoshi department store. Only two other canvases, Van Gogh's Irises ($53.9 million) and Sunflowers ($39.9 million) have brought more...
...over, he turned to a colleague and asked in disbelief, "Naze?" (Why?). It was a question any Japanese businessman should have known the answer to, and never learning it had apparently been Okada's problem all along. Said the company's managing director, Tadayoshi Sugita, afterward: "Mitsukoshi will now make a fresh start...