Word: sportswear
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Dates: during 2000-2009
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...more American than Thai. Maybe that was because Panichgul, 29, spent most of his time listening to mellow '70s hits from the Carpenters like Top of the World and I Just Fall in Love Again, or maybe it was because he had more of an affinity for clean, American sportswear than he did for the more ornate styles that are popular in his native Bangkok...
There is also a cultural duality to the design aesthetic of the young Asian designers. Derek Lam, 38, who was born in the U.S. but has lived in Hong Kong, sees the influence of Asian propriety and restraint in his clothes. And even though he has worked for American sportswear giants like Michael Kors, he still refers to what he calls an Asian sense of rusticity, evident in the handiwork on a muslin cardigan or the Chinese floral block print on a shirt. In the spring collection he showed last week--his fourth--Lam brought out pastel chiffon tea dresses...
DENISE SEEGAL Brand Fashioner In October, Seegal, 50, takes the rudder at Nautica, the sportswear line owned by VF Corp. since 2003. After quitting Liz Claiborne in 2000 because of a spat with the CEO, Seegal went to Jennifer Lopez's clothing company, Sweetface Fashion; she boosted sales to about $250 million last year by expanding licensing deals to such categories as jewelry and shoes. Now Seegal must steer Nautica, which has struggled with weak sales and an inconsistent image, to calmer seas...
Luxury quotient: In November 2000, Tod's S.p.A.--which also includes Hogan, a lower-priced line of accessories, and the sportswear brand Fay--was entered on the Milan stock exchange. But Della Valle's current triumph is his football team, Fiorentina. Maybe a line of soccer shoes is next...
...Michael-as-Ralph strategy is the brainchild of Kors' financial backers, Silas Chou and Lawrence Stroll, who bought a majority stake in Kors' company for a reported $100 million in January 2003 through their firm Sportswear Holdings Ltd. "It was time for him to become the next great American designer," says Stroll, who, along with Chou, conducted a "simple process of elimination" before they put their dollars behind Kors. "We wanted to invest in someone who is American, whose style is aspirational and who is seasoned but not too old. With these criteria, there were surprisingly few names to choose...