Word: rosso
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Dates: during 2000-2009
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...supplement to TIME magazine, we look at the deals and, more specifically, the dealmakers rocking the luxury business. What's fascinating in creative sectors like fashion and beauty is that often it's the outsiders who take the biggest risks and cash the biggest checks. Witness the way Renzo Rosso, once a lowly production manager at Diesel, eventually bought the company and propelled it into a $1.4 billion brand. Similarly, and against the odds, Max Azria transformed California-casual style into the $1 billion business BCBG. At the heart of any fashion deal is talent, and managing creative talent...
DEALMAKING IS BACK, at least in the $140 billion global luxury business. New money and new faces are changing the playing field. Private-equity firms are shopping for brands. Outsiders like Diesel's CEO Renzo Rosso and BCBG's Max Azria are shaking up the Establishment. Professional managers are reconfiguring the way designers do business. It's no longer just about talent. It's also about numbers, location (India! China!) and risk. It's about leveraging the moment. Here, a look at how fashion's big deals are shaping...
...there were few objections when the upstart manager, Renzo Rosso, announced he wanted to swap out his group shares to become sole owner of Diesel. A 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...
HOWL'S MOVING CASTLE HAYAO MIYAZAKI This Oscar-nominated antiwar fable was an art film in North America (box office: $4.7 million) but a popular smash worldwide ($229.6 million). That was nothing new for Miyazaki. His hand-drawn animated fantasies (Porco Rosso, Spirited Away) have long appealed to kids and connoisseurs alike. Here he has transported his gift for alchemizing the mundane from Japan to Western Europe a century ago. A spell instantly ages the heroine, Sophie, from 18 to 90 and lands her as a housekeeper inside the walking wonder house owned by a dishy shape shifter. Following...
...Biondi-Santi Rosso di Montalcino, $60 Intense perfume of crushed dried roses and sunbaked plum ? 2000 Biondi-Santi Brunello di Montalcino, $100 Very pretty, marked by bittersweet chocolate, black olive and roses ? 1999 Mastrojanni Brunello di Montalcino, $50 Delicious. Touches of cherry and Earl Grey tea and tangy acidity. Look for the same maker's Schiena d'Asino, a single-vineyard version, gorgeous at $80 ? 1999 Castello Banfi, $60 While this is a more modern style than the other three, it's a sure crowd pleaser with its smoky cherry and little-red-berry flavors