cheapbag214s
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 Posted: Thu 0:45, 29 Aug 2013 Post subject: Nine West's founder looks back |
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Nine West's founder looks back,[link widoczny dla zalogowanych]
We were among the first to offer department stores the opportunity to put a brand concept shop within their store. We made acquisitions and were opening 125 stores a year under Nine West,[link widoczny dla zalogowanych], Easy Spirit,[link widoczny dla zalogowanych], and various outlets. Nine West was valued at $2 billion in 1999,[link widoczny dla zalogowanych], when we decided to sell to Jones Apparel Group. It wasn't easy being CEO,[link widoczny dla zalogowanych], the creative director, and handling Wall Street. Still, selling Nine West was the hardest decision of my career because I was so committed to what we had built.
A week after my two-year noncompete period ended with Jones Apparel, my friend Alex Dillard [president of Dillard's Inc. (Fortune 500)] asked me to help with their brands, so we developed seven labels for Dillard's department stores.
We're now the Camuto Group. The first footwear license we bought was for fashion line BCBG. Then,[link widoczny dla zalogowanych], in 2005,[link widoczny dla zalogowanych], we paid $15 million for the master license to Jessica Simpson. Today the revenue for that line is about $750 million,[link widoczny dla zalogowanych], and we've expanded it to 22 categories. In the last year we had at least 35 celebrities ask us to design their brands,[link widoczny dla zalogowanych], but we're on to the next wave.
Now we're building Vince Camuto into a lifestyle brand that's about affordable,[link widoczny dla zalogowanych], beautiful luxury. We've got nine categories,[link widoczny dla zalogowanych], from footwear to jewelry, with more coming. In 2010 we took in $2.5 billion at retail across all brands and categories. We also provide design and production services for 5,[link widoczny dla zalogowanych],400 department stores and retailers throughout the world. We attract young designers and put the right teams together to design a line. The business is a love affair for me. I love the shoes,[link widoczny dla zalogowanych], the fashion, and the people.
First Published: June 29,[link widoczny dla zalogowanych], 2011: 6:53 AM ET
Market indexes are shown in real time,[link widoczny dla zalogowanych], except for the DJIA,[link widoczny dla zalogowanych], which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited,[link widoczny dla zalogowanych], nor the BBA LIBOR Contributor Banks, nor Reuters,[link widoczny dla zalogowanych], can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: 2013 Morningstar,[link widoczny dla zalogowanych], Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones Company,[link widoczny dla zalogowanych], Inc.
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