Word: truex
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Dates: during 2000-2009
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...moment is a megadeal. Everywhere you look in the global luxury business, a merger or acquisition is going down. Private-equity players like Apax Partners are snapping up such brands as Tommy Hilfiger; giant manufacturers like Samsonite are investing in small leather-goods businesses such as Lambertson Truex. Department stores like Italy's La Rinascente are swallowing Printemps, its competition in France. And established names like Valentino are diving into such emerging markets as India. Last month the Gucci Group was rumored to be eyeing the London-based Alice Temperley label. Next thing you know, parent company PPR will...
...Lambertson Truex: When Richard Lambertson and John Truex teamed up five years ago, their bags became instant status symbols for chic American women. Now the boys are taking on the old European brands on the Continentals' home turf. And since they're competing on quality, not price, expect to pay $5,800 for the matte crocodile...