High-Fashion Luxury Rainwear - The SWIMS Armani 2012
14 years ago
Ralph Lauren has a contract to run the design empire he founded, Polo Ralph Lauren, that does not expire for another year. But Mr. Lauren, the indefatigable fashion icon, has already re-upped through March 2013, when he will be 73. His five-year extension could be worth much more than $100 million, and that’s not counting the reimbursement for the mandatory use of private jets and helicopters for all of his business and personal travel.
Mr. Lauren, the chairman and chief executive, will receive a salary of $1.25 million as well as annual bonuses of as much as $19.5 million. And each year he will also get 100,000 options and 75,000 shares of restricted stock, currently worth more than $7 million. PATRICK McGEEHAN
DIALING MR. BROWN Ever since Carl C. Icahn started rattling the cages at Motorola in January, people have been wondering how long Edward J. Zander, the ch
ief executive, would last. Last week the pressure heated up as the company reported its second consecutive quarterly loss after failing to come up with a hot-selling replacement for the Razr cellphone.
Thomas J. Meredith, Motorola’s chief financial officer, said the company’s board supports Mr. Zander and is not searching for a replacement. But industry analysts say Gregory Q. Brown, the company’s chief operating officer, could soon replace Mr. Zander. They add that few people have all the skills needed to run a cellphone maker. KEN BELSON
HEIR SHOW It will be family night on Wednesday for the scions of two famous American clans at the big annual air show in Oshkosh, Wis.
Edsel B. Ford II, a Ford director and great-grandson of the company’s founder, Henry Ford, will team up with Eric Lindbergh, the grandson of Charles Lindbergh. They will introduce a showing of “The Spirit of Saint Louis,” the classic film starring Jimmy Stewart, at the EAA AirVenture, billed as the country’s biggest show for private aviation.
Mr. Lindbergh, the pilot, and Mr. Ford, the auto company founder, were friends, while Edsel Ford is known as an aviation buff. His presence is just part of the auto company’s expanded role at the show, which attracts 650,000 people a year. Ford, which has been the main corporate sponsor for AirVenture since 1999, will use it this year as a mini-car show. It will display vehicles like the Flex, a crossover scheduled to be introduced in 2008, and offer test drives and seminars.
Of course, Ford’s chief executive, Alan R. Mulally, is the company’s biggest current link to aviation: he joined Ford last year from Boeing. But Mr. Mulally will not be attending the show. MICHELINE MAYNARD
read full story here
One of the Black Watch players, an Argentine named Ignacio Figueras, had already been a Ralph Lauren model before the sponsorship started and is featured wearing some of the Black Watch line on Ralph Lauren Official Website
Less glamorous has been the ongoing litigation between Ralph Lauren and others that have tried to capitalize on the sport. In the latest case, the designer alleged that four logos with polo players the polo association had licensed to clothing maker Jordache infringed on Polo trademarks, but a jury approved all but one of the association’s logos. Ralph Lauren appealed, and the case is scheduled to go before the United States Court of Appeals for the Second Circuit in October. Mr. Ferguson said that the volume of litigation has tapered off.The company, meanwhile, is saddling up for higher-profile events. For the third consecutive year, it is sponsoring the United States Open in Flushing Meadows, Queens, which began last week; for the last two years, the company also has sponsored Wimbledon.
At last year’s United States Open, the company’s 2,500-foot retail store on the stadium grounds had more transactions than any of its other nearly 300 retail stores, though a spokesman declined to give actual sales figures.
Polo Ralph Lauren Corporation reported net income of $161 million, or $1.58 per diluted share, for the second quarter of Fiscal 2009, compared to net income of $115 million, or $1.09 per diluted share, for the second quarter of Fiscal 2008. The second quarter results reflect a 10% increase in net revenues, operating income growth of 26% and a 40% increase in net income, which includes the benefit of a lower effective tax rate compared to the prior year period.
Net income for the first six months of Fiscal 2009 increased 26% to $256 million, compared to $204 million in the comparable period last fiscal year. The growth in net income for the year-to-date period reflects a 7% increase in net revenues, operating income that is 15% greater than the prior year period and a lower effective tax rate. Net income per diluted share increased 31% to $2.51 from $1.92 in the first six months last year.
Net revenues for the second quarter increased 10% to $1.43 billion, compared to $1.30 billion for the comparable period last year. The higher net revenues primarily reflect shipments of new products, growth in global retail sales and higher European wholesale revenues. First half net revenues grew 7% to $2.54 billion from $2.37 billion in the comparable period of Fiscal 2008. The growth in net revenues is primarily attributable to shipments of new products, global retail sales growth and higher European wholesale sales. Wholesale sales increased 10% to $846 million, compared to $772 million in the second quarter last year. Shipments of new products and higher European sales offset lower domestic shipments of our core men's, women's and childrenswear products. For the first six months of the fiscal year, wholesale sales increased 6% to $1.42 billion from $1.35 billion in the first half of Fiscal 2008. The year-over-year increase in wholesale revenue is attributable to new product shipments and higher European sales that more than offset a decline in domestic shipments of our core men's, women's and childrenswear products.
U.S. clothing giant Polo Ralph Lauren plans to stop using animal pelts in all the company's products, the New York-based fashion house said.
The Independent reported that the decision is seen as a victory for animal rights campaigners who have repeatedly shunned the use of fur for fashion. Polo Ralph Lauren's halt on fur will begin with the 2006 Christmas shopping season.
The decision to reject fur also is the first by a major fashion chain since Calvin Klein made a similar vow in the 1990s, The Independent said.
The company's decision was a victory for the animal rights group People for the Ethical Treatment of Animals, the newspaper said.
Sporting the tag-line, I'd rather go naked than wear fur, PETA has aggressively pursued a stop to the sale of furs. It also has repeatedly targeted celebrities who wear fur.
Polo Ralph Lauren said the company will donate leftover items including fur to charities for distribution among the poor.
Read the full story here....
The Independent reported that the decision is seen as a victory for animal rights campaigners who have repeatedly shunned the use of fur for fashion. Polo Ralph Lauren's halt on fur will begin with the 2006 Christmas shopping season.
The decision to reject fur also is the first by a major fashion chain since Calvin Klein made a similar vow in the 1990s, The Independent said.
The company's decision was a victory for the animal rights group People for the Ethical Treatment of Animals, the newspaper said.
Sporting the tag-line, I'd rather go naked than wear fur, PETA has aggressively pursued a stop to the sale of furs. It also has repeatedly targeted celebrities who wear fur.
Polo Ralph Lauren said the company will donate leftover items including fur to charities for distribution among the poor.
Read the full story here....
What does a New York fashion titan do for his 40th anniversary? He secures the first-ever public event at the Central Park Conservancy.
It was the perfect storm of natural beauty and stunning fashion for Ralph Lauren, who set up his label four decades ago and wears the crown for all-American ease and elegance.
Set against the park's lush green backdrop, Lauren's collection showcased the designer's celebratory mood: glamour gowns in electric florals mixed it up with upper-class equestrian. Think jackets, jodhpurs, riding crops and family crests. Beautiful, young, fresh and never snooty. Lauren's women have always been strong and sexy, and this season, they're strutting in patent stiletto boots, hot yellow trenches and skinny pants no wider than licorice laces. Ladylike short gloves were perfect for the show-ending standing ovation.
Ralph wasn't the only one celebrating a big birthday yesterday. It was 75 years ago that crocodile-chic brand Lacoste first started crafting preppy pieces for the sporty set.
A candy parade of rainbow-bright sporty dresses, bikinis and shorts poured onto the runway as though out of a Skittles packet.
You'll want to run to the south of France, after seeing the Malandrino collection, a watercolor splash of tangerine, ivy and geranium. Catherine Malandrino, inspired by a town called St. Paul de Vence, set her show against lush greenery. Out came slinky pieces that audience member Janet Jackson could squeeze into to show off her back-again bod.
Twinkle sent out petite pieces in soft chiffons. Though designers are relentless in their quest to get grown ups to wear jumpers, I don't think we should. Twinkle's shortie version is no exception.
;;
Subscribe to:
Posts (Atom)