1. The age of the IPO: fashion execs wear crowns of royalty
- Author
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Ryan, Thomas J. and Lockwood, Lisa
- Subjects
Clothing industry -- Officials and employees ,Fashion designers -- Economic aspects ,Business ,Fashion, accessories and textiles industries ,Retail industry - Abstract
Public stock offerings, licensing and higher income has made top designers richer than ever during 1997. Fashion industry tycoons such as Ralph Lauren, Nike's Philip Knight and Ronald Lauder have been listed among Forbes magazine's wealthiest Americans. Ralph Lauren is particularly well endowed with a 70% ownership of his firm, a very profitable licensing division and a hefty paycheck., NEW YORK -- Fashion's perks are getting pricier: Private planes, weekend palaces, fleets of cars and art by the modern masters, to name a few. Many a fortune has been [...]
- Published
- 1997