Word: spencers
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Dates: during 2000-2009
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...Vecchio, 50, a soft-spoken Italian, has been working ever since to prove that not only does that dress-for-dinner lifestyle still exist, but selling clothes to match it is profitable. During the 1990s, as part of the British retailer Marks & Spencer, Brooks Brothers embraced the business-casual look and moved toward the Banana Republic slice of the retail spectrum, even producing its own line of jeans. As CEO and chairman, Del Vecchio has yanked the company back to its higher-brow heritage by rolling out new cuts of suits, reinvigorating the made-to-order and tailor shops, overhauling...
When Del Vecchio came to New York City to head Luxottica's U.S. distribution arm in 1982, he became a frequent customer. In 1992 he persuaded Marks & Spencer to give Luxottica the license for Brooks-branded eyewear. But it wasn't until 1995, when Luxottica bought the parent company of LensCrafters, that Del Vecchio started down a path that would lead him to take over the iconic clothier...
When Marks & Spencer put Brooks Brothers up for sale in early 2001, Del Vecchio pounced, eventually netting the company for $225 million. Out went the fused sports coats, denim pants and two-ply made-in-Mexico sweaters. In came the $2,000 suits, Loro Piana cashmeres and alligator-skin handbags. Mark-down sales became something that happened only twice a year. And brand-education classes?covering everything from company history to the way a sweater is made?were instituted for managers and salesclerks alike...
...trade is under threat from Britain's environment lobby. Several supermarkets, including Tesco and Marks & Spencer, have already responded to pressure to reduce their "carbon footprint" by using an airplane logo on flowers, fruit and vegetables that have been air-freighted to alert environment-minded shoppers...
...impressive first-half display essentially clinched the win, Harvard lost its sense of urgency in the second half and allowed the resilient Rams to creep back into the game.Missed opportunities on breakaways and poor shootting accuracy allowed a Fordham comeback that cut the lead down to three. Sophomore Spencer Livingston responded with two vital goals to seal the victory.The Crimson’s youngsters provided the majority of the offense against the Rams. Voith tallied a game-high four goals, Livingston added three, and sophomore Egen Atkinson chipped in a pair. “It was really a team effort...