Word: welling
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Dates: during 2000-2009
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...outlets, despite the economic crisis. In Mexico, the partner is the billionaire Carlos Slim and his Sears Mexico group. Under a deal signed last year, Benetton aims to open 250 new standalone outlets and boutiques in Sears stores in Mexico. Alessandro is also targeting other Latin American countries as well as Turkey, Russia and China as significant future sources of growth. Conspicuously missing on this list is the U.S.; Benetton recently moved its U.S. headquarters from New York City to Miami, to be closer to the Latin American markets it's targeting. (Read "India: Hey, Big Spenders...
...company's experience with nonfamily management hasn't been an unmitigated success. The first outside managing director, who came from automaker Fiat, served just three years before leaving, together with the chief financial officer, in 2006. A new CFO brought in from Burberry lasted just 21 months. As well as putting together a new management team, Alessandro has also sought to delineate more clearly the roles played by the family and by management. The new managing director, Gerolamo Caccia Dominioni, comes from Warner Music, while the current CFO, Alberto Nathansohn, jumped this year from luxury jeweler Bulgari...
...dinner party, so save it for when in a cosmic mood. Pour a glass of something, close your eyes and let your soul soar through those boundless Tuvan skies. If these rousing sensations inspire you to strip off your shirt and strike macho poses while straddling a horse, well, fine. But we recommend you keep the photos to yourself...
Heroes Back to Earth Re TIME's story on green heroes [Oct. 5]: You needn't go to Japan to find people using biofuel. My son has been collecting oil from local restaurants and converting it to diesel fuel for his truck for years. The vehicle runs well, the process is relatively simple, and it costs him next to nothing. Dian Woodroffe, Shrewsbury...
...Life in the Motor City Re TIME's story by daniel okrent [Oct. 5]: The violence that has beset Detroit is, sadly, well known, but the utter collapse of the public-school system is just starting to be understood. Nothing captures that collapse better than the video, popular on YouTube, that shows the shocking condition of the building that once housed Detroit's famous Cass Technical High School. Cass Tech meant a lot to me and other graduates for the opportunities it gave us. The old building, abandoned for a newer facility for the school, was a war zone...