A stitch in time for Dawson
Article Abstract:
Derek Finlay became the chairman of Dawson International in 1995 when the company was in serious financial difficulties due to rapid over-expansion and failing business ventures in the US. Finlay pared the business down to its core elements and sold off its US interests. The long-term aim is to rebuild the image of the company's Pringle brand and also focus on the cashmere market. Dawson currently has a monopoly on Chinese cashmere which will help the company to gain dominance in the marketplace. Pre-tax profits for 1996/7 should be between 13.5-14 million pounds sterling.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1997
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Death of a dynasty
Article Abstract:
The Italian fashion house, Gucci, was torn apart by internal family wrangles. Investcorp went into partnership with Maurizio Gucci after buying 50% of the company shares from his cousins in 1989, however, with the company facing bankruptcy in 1993, Investcorp bought out Gucci for between $110-120 million. Rigid financial controls were imposed and procedures reviewed. Net revenue increased from $204 million in 1993 to $500 million in 1995, and with the company now financially successful, Investcorp sold its shares for about $1.89 billion.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1997
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The Gallic messenger moves north
Article Abstract:
The Hermes brand must be made an integral part of British society, in the same way in which it has infiltrated French society, according to Pam Cavenagh, managing director of Hermes (UK). The company must emphasise that it has an extensive product range, with all products being made in its own factories. She is currently working on extending Hermes out of its retail base in London, England, opening concessions in Leeds, England, and Glasgow, Scotland.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1996
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