Word: richemont
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Dates: during 2000-2009
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...scale of this operation: when it comes to giant single-fashion brands, Hugo Boss AG is huge (although not, it should be noted, as huge as Polo Ralph Lauren). LVMH (the market leader), Gucci Group/PPR and Richemont, which owns Chloé, are also bigger, but they are multi-brand conglomerates. Of the single brands, for menswear only, Hugo Boss is as big as its two nearest competitors, Giorgio Armani and Ermenegildo Zegna, combined. The company still makes 1.6 million suits a year, but that's old news; it now reflects a wider cultural shift and has repositioned itself from a suit...
INSIDE TRACK SECURED FINANCING FROM LUXURY GROUP RICHEMONT...
...Dunhill's CEO Simon Critchell admits that the company needed its 100-year repair. Owned by one of the world's leading luxury goods groups, Richemont, the brand had gradually been losing its direction. "People didn't really know what the brand stood for," says Critchell, formerly of Cartier, who took over as CEO of Dunhill in 2001. Last year, after a total image overhaul spearheaded by Yann Debelle de Montby, director of image and communication, the brand's famous Jermyn Street store reopened as a haven for men looking for that quintessentially English accessory. The store also features...
...image with the help of four big-name designers, including Nick Ashley, son of the late Laura Ashley, who will create an outerwear collection. Dunhill's ceo Simon Critchell admits that the company needed its 100-year repair. Owned by one of the world's leading luxury goods groups, Richemont, the brand had gradually been losing its direction. "People didn't really know what the brand stood for," says Critchell, formerly of Cartier, who took over as ceo of Dunhill in 2001. Last year, after a total image overhaul spearheaded by Yann Debelle de Montby, director of image and communication...
...birth of her daughter, Philo had her assistants take the final bow at Chloé's show in March. Toledano's gamble has paid off. Chloé, which reportedly generates about $200 million a year in wholesale revenue, has seen its orders rise 80%. Owner Compagnie Financieré Richemont, the world's second largest luxury conglomerate, is adding all the frills of a successful label: more advertising and product lines, new stores, lines of children's clothing, jewelry and watches. Even with all this success, Philo remains as cool and breezy as her washed-silk peasant skirts. "I still...