Word: morgans
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Dates: during 1980-1989
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...store succeeds, other big-name designers will want to follow his example. The reason: compared with selling through department stores and franchises, direct ownership gives a designer complete creative control of marketing, not to mention a far higher profit margin. Says Walter Loeb, who follows the retailing industry for Morgan Stanley, the investment firm: "Designers are not always happy with the way department stores select merchandise, picking some pieces but not the whole assortment. The designers feel that the stores don't fully appreciate their genius and wish they would pick a range that reflects their total fashion message...
...seasonal job at Brooks Bros. as a clerk during the Christmas rush. At 22 he went to work as a New York regional salesman for Abe Rivetz, a Boston necktie manufacturer. Lauren made the rounds of his Long Island wholesale customers dressed in tweeds and driving a British Morgan convertible. Pondering fashion trends as he traveled, he decided around 1964 that the men who wore the narrow ties of the early '60s were ready for a change to wider, more colorful designs. While Lauren was not a particularly gifted sketch artist, he knew how to put together a fashionable ensemble...
Amid the hubbub, some British financiers fret that Big Bang will eventually become a big bust for purely local firms. British investment houses, they note, are badly undercapitalized compared with their American and Japanese rivals. Britain's largest merchant bank, Morgan Grenfell, has a market capitalization of only $988 million, in contrast to Nomura's ($34 billion) or Salomon Brothers' ($6.6 billion). The worry is that unbridled competition will force many more old-line British houses to merge or go out of business. Says Ian Kerr, a British executive with Kidder, Peabody International: "The City of London has handed itself...
...Morgan Jr.'s private car, the Erie 400, is rolling again, partly owned by John Hankins, an attorney from Huntington, W.Va. Most private-car owners seem to be fairly affluent, though some admit to being drastically less affluent after upkeep and renovations. "Sooner or later the cost of maintaining a car gets to you," says Larry Haines, 71, a retiree who has spent nearly $40,000 on the Clover Colony in 14 years. Haines' car is a bargain compared with the Caritas, a 1948 Pullman bought for $10,000 three years ago by Clark Johnson, a Denver physicist. Some...
Enlisting such stars is an important part of the antidrug crusade. But the war against drugs in sports must be fought day to day in the nation's high schools. It will take more coaches like Morgan Wootten, who has worked for 30 years at DeMatha Catholic High School, a small boys' school in Maryland. His basketball teams have had 23 Washington-area conference championships, and in the past 26 years every senior on the squad has won an athletic scholarship to college. "I talk a lot with my players," says Wootten. "To stress to them that they...