Word: rivals
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Dates: during 1990-1999
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Will the new Nike work? The strength of the brand and willpower of the organization are still formidable. And rival Adidas is walking proof that great brands can rebound. Knight has written this year off. By 1999 he expects to have new product, a new management structure and better press. Knight envisions a totally global company, one in which communication of the brand flows effortlessly through language and cultural barriers. He knows the past six months have made a sizable dent in that progress. "When we started kind of really emphasizing [globalism]," he says, "I thought, well, Nike could...
...suppose that depends," McColl drawls, "on how skilled you are at taking costs out of the new combined company." Last year saw a record 72 bank acquisitions valued at more than $100 million apiece. The big gulp: a $16.5 billion deal by First Union--McColl's crosstown Charlotte rival--to acquire Philadelphia-based CoreStates Financial. That topped McColl's $15.5 billion buyout of Barnett Banks in Florida...
...Lewinsky affair has also been a boost to Slate's chief rival among magazines written for the Web, Salon salonmagazine.com) But Salon editor David Talbot says the San Francisco-based Webzine has no plans to start charging; he claims it will turn a profit within a year, primarily from ad revenue...
...inaugural editor's note, America's newest sports magazine promises "no swimsuits, no bikinis...no rehashes, no game stories, no press-box pontificating, no wistful reminiscences about the good old days." It's a direct shot at rival SPORTS ILLUSTRATED and serves notice that the No. 1 sports weekly (published by Time Inc.) is facing a potent challenger...
...House, which hires such pen-pushers as Michael Crichton, Norman Mailer and John Updike, was sold for an undisclosed sum. The big news for web users is that Bertelsmann, the world's third-largest media company (behind Time Warner and Disney), is in the midst of creating BooksOnline, a rival to Amazon.com and Barnes & Noble -- which will be a lot more comfortable with Random House's back catalog...