Word: vuitton
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Dates: during 1980-1989
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...cocker spaniels, to sniff out suspects by amiably sitting down beside them. In fact, it was a narcotics- sniffing dog that helped clip Andrew Sokolow's wings after he was detained - in Honolulu. The canine cop, Donker, found the drug courier's stash hidden in his trendy Louis Vuitton travel...
...Kelly's Rue du Parc-Royal headquarters, Aunt Jemima rag dolls flop on a Louis Vuitton footlocker. Josephine Baker posters loom over a rainbow coalition of assistants. When Kelly's cousin Michael Thomas, a 345-lb. trucker, came to see the Louvre debut, he brought 20 packages of grits. ("Patrick said, 'If you don't bring no grits, don't come," said Thomas, grinning.) The models really chowed down. "I'm not the Great Black Hope, honey," says Kelly. "But it's like the old song, 'You use what you got to get what you want...
...June, Racamier began to grumble publicly about competing corporate cultures within Moet Vuitton. He expressed fears aloud that the marketing of Cognac and champagne, some of which is sold through "mass distribution in supermarkets," would "contaminate" Vuitton's upper-crust image. To balance Chevalier's move toward Guinness, Racamier then made overtures to his own outside investor: Bernard Arnault, 39, whose group, Financiere Agache, controls the Christian Lacroix and Dior fashion houses. Following protracted negotiations, Agache and Guinness took a joint 24% stake in Moet Vuitton, with Agache holding the lion's share of the investment. Arnault, who is expected...
Through all the turmoil, Moet Vuitton has built an impressive sales record. Revenues for the first six months of 1988 were $1.2 billion, a 29% increase over the same period last year. Luggage sales rose 58%, wines and spirits 53%. Moreover, the company has ambitious expansion plans. Vuitton expects to introduce new pens, watches and silk scarves in the fall, and its Givenchy- perfume subsidiary is readying a line of health-care and makeup products. Moet intends to market moderately priced sparkling wines in Spain and Australia. As such projects unfold, Moet Vuitton's enormous growth potential may provide Chevalier...
Rupert Murdoch takes a $3 billion magazine gamble. -- Interest rates jump. -- The honeymoon is over for Moet and Vuitton...