Word: turnarounds
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...happy about that turnaround as Nemir Kirdar, 59, the Iraqi-born founder and president of Investcorp, the Arab investment boutique that engineered Gucci's turnaround. Shod in black reptile-skin Gucci loafers, Kirdar sat confidently in his company's New York City office--occupying the entire 37th floor of a Park Avenue high-rise--contemplating Gucci's renaissance. After Investcorp bought the company in the late 1980s, Gucci lost so much money some feared it would go bust. "There was a time," says Kirdar, "when--in the minds of several of our clients as well as some...
...told Time his clients have become disenchanted. "If you hit on one of their big deals like Tiffany, the rewards can be spectacular. But a whole string of others have been very disappointing, and all they do is send you fancy reports with Investcorp's latest solution for a turnaround and very little numerical analysis. You have no recourse...
...accounting gimmickry. The elegant French jeweler, with headquarters in Paris' Place Vendome, was acquired for $45 million in a court-supervised sale after its previous owners were charged with fraud and forced into bankruptcy. Investcorp then sold chunks of the company to clients. Later, as part of a turnaround strategy, seasoned French jewelry executive Charles Lefevre was installed as chairman, working under Investcorp's close supervision...
...Crimson offense, however, will have to make a turnaround from its recent performances if this year's game is to live up to these high-scoring standards. Harvard has managed to score a total of only ten points in its last two losses to Princeton and Dartmouth. Maybe the Bears' pitiful defense will provide some good medicine for the Crimson...
Unbeknownst to the fans, however, the cause of this sudden turnaround started much earlier than the second quarter. Captain linebacker, Justin Frantz, admitted that even before the game, the Crimson showed signs of complacency...