Word: petered
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...modest farmer's son from outside Padua, Italy, with a textiles-trade-school diploma, Rosso, 50, is not your typical luxury-group CEO. Sure, he flies in private jets and frequents fashion shows, but most of the time he wears jeans or sweats, and his curly hairdo is more Peter Frampton than Bernard Arnault...
...surprisingly this Swiss family company, now helmed by Alice's grandsons Albert and Peter Kriemler?the designer and the president, respectively?is lauded by retailers for its precise deliveries and perfect execution (at the factory, each garment is accompanied by a dossier explaining what needs to be done and what can go wrong) as well as for actually listening to what stores want. When Joseph Boitano, a senior vice president of Saks Fifth Avenue, explained the importance of offering a cruise collection (a concept less established in Europe), Albert headed to Florida, where he spent weeks studying what chic women...
...business passed to their eldest son Max Kriemler. In 1980, Max's eldest son Albert, then 20, was about to move to Paris when his father's right-hand man died suddenly, and Albert stepped in. Seven years later, after completing studies in law and business management, Peter joined the family firm. (Albert and Peter have a sister who is a doctor...
...always felt responsible for what we inherited from our parents and for the loyal people of this company," says Albert. When the brothers took over, their target was to dress the customer seven days a week from morning into evening. "I said to Peter, We must do what we feel, without listening to what others are doing," says Albert. The brothers still agree. "When you get along within the family, it is the most beautiful thing that can happen in your life," Albert says. "Two people mean two opinions, and when there is a disagreement, you must be able...
...product that was salable and had a fluid, sophisticated sexiness, a point of view. Everyone said he was crazy, but he went up there and fought his way in like a pit bull, and here we are today." Where they are, says Marc Cooper, managing director at investment bank Peter J. Solomon Company, is in the right place at the right time with the right product. "It's rare for any company to be as successful as Max is. As of late, his broader business team has coalesced, and that has contributed to his success...