Word: tagging
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Dates: during 2000-2009
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...designers, and he persuaded his wife and her younger sister to give Xiamen a six-month try. "The deal," says Fiona, "was, if we didn't like it, we'd move home." Tia, who had been attending classes at Parsons School of Design in New York City, agreed to tag along. She left behind her friends and a boyfriend, "who said I was nuts," she laughs...
...FRIENDLY SKIES are now also fabulous thanks to Versace's partnership with the TAG Group to design and manufacture the interiors of private jets. Top clients will work with Versace designers to personalize their aircraft, using pieces from the brand's home line that have been adapted to follow standard aviation-interior guidelines. The Italian design house will be responsible for all content and décor, while the TAG group, which has 30 years of experience in preparation and management of large private jets, will guarantee the logistical and technological aspects of the partnership...
...years the luxury sector, now a $140 billion business growing at approximately 7% a year, according to the Telsey Advisory Group (TAG), an independent research firm based in Manhattan, has been populated by a handful of familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG...
Most analysts say the attraction of luxury these days is the growth opportunity. TAG's Dana Telsey, who has tracked retail for 21 years, attributes the increased interest to "how profitable these businesses can be when run well." Companies like L Capital have earned five times their investment in firms like retail clothier Gant and three to four times their investment with Antichi Pellettieri SpA, an Italian apparel and accessories company?in just over three years...
...again, and God forbid the brand doesn't hit the right trend one season. The result can be costly, with stores filled with unsold merchandise. The potential for failure is great, "but the upside opportunity is also that great," says James Hurley, who follows the luxury market at TAG...