Word: pinault
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Dates: during 2000-2009
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...last month alone, employees and union officials have held no less than five company CEOs captive after they had announced major staff cuts or plant closures. On March 31, PPR president Fran?ois-Henri Pinault had to be rescued by police after outraged staff surrounded his car following the disclosure of 1,200 job eliminations throughout his distribution group. Such exceptional French acts of intimidation didn't begin with the current recession. Bossnappings have been occurring sporadically in France in response to major staff cuts since 2000, after having been central to frequent factory occupations by radical labor unions...
INSIDE TRACK WENT TO BUSINESS SCHOOL WITH PPR CHAIRMAN FRANÇOIS-HENRI PINAULT...
...founders are retired (although very much looming on Paris' Left Bank), and since 1999 the company has been owned by the Gucci Group, a division of one of France's largest conglomerates, Pinault-Printemps-Redoute (PPR). Managers and designers have come and gone, yet none of them have been able to take on the YSL legacy and create something new?and lucrative...
...chairman François-Henri Pinault, who was a classmate of Hermann's in business school, insists she personifies the brand. He snatched her away from PPR rival LVMH Moët Hennessy Louis Vuitton, where she was running ready-to-wear at Dior, as much for her winning record as for her provenance. "Not only does Valerie have all the professional skills," Pinault says, "but she is the YSL woman. She is French, and YSL is the most French of brands. And being an active woman and by her feminine instincts, she will have ideas come...
...Hermann met many people who would determine her future. Foremost was Jean-Christophe Hermann, her husband, now a telecommunications executive. PPR chief Pinault was also there, and although they were not close, he remembers her as "loyal, hardworking and easy to work with...