Word: suit
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Dates: during 2000-2009
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Sitting front and center in a black suit and black shirt is tonight's ringmaster: Bruno Sälzer, 50, chairman and CEO of a company founded in 1923 not far from this field. Back then, it was a small sewing outfit helmed by a guy called Hugo Boss. Today Hugo Boss AG has a retail value of $6.5 billion and?for 2006, the year of the most recent declared figures?net sales of $1.97 billion with a net profit of $170 million. It also has 9,385 full-time employees, not to mention those working for subsidiaries around the world...
...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-driven menswear company to a lifestyle company with womenswear, accessories and, under license, fragrance, eyewear and watches. (Jewelry made by Swarovski is about to launch, and children's wear...
...have to both exceed the cliché and be even more creative. We do much more than anyone else to excite our own people so they take [that energy back] to Mexico or Sydney or wherever they go," he beams. After all, he points out, every man has a suit, a shirt, a tie. Any company can have a show. "But we try to get our own people excited through a show of the best standard, where the food is good and the drinks are O.K. too, and we do it here in Metzingen, in the middle of nowhere...
...place similar regulations, so the question could be asked, why not the rest of Harvard? The difference lies in the mission of the each school: The rest of the schools of the University are not specifically health-care driven and ought not implement seemingly paternalistic policies simply to follow suit. That being said, the sizable body of evidence supporting the deleterious effects of cigarettes will hopefully encourage individual Harvard students, faculty, and administrators to voluntarily quit smoking. Unlike doctors, we do not have a professional responsibility to live healthily, but, as informed citizens, we should consciously work to be healthy...
...perfect analogy for the last few years of the dollar's strength against Japanese currency. Now, however, the yen is sinking to the bottom of the glass as the dollar has becomes featherweight. On Thursday it slipped to 99.7 yen, the lowest it has been since November 1995. Following suit on Friday, Tokyo stocks plummeted to their lowest levels since August 2005. Just a few months ago, the rate was 113 to the dollar...