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Calvin Klein (company)
Calvin Klein Inc. () is an internationally operating, American fashion house. The company, which became famous for its designer underwear and denim lines in the 1980s, specializes in mass-market ready-to-wear clothing for all genders and age groups as well as leather products, lifestyle accessories and shoes, home furnishings, perfume/cosmetics, eyewear, jewellery and watches in the mid-price segment. Its high-end runway fashion division, which represented the top level of the various Calvin Klein sub-brands, was discontinued in 2019. The company was founded by designer Calvin Klein and his childhood friend, Barry K. Schwartz, in 1968 and was acquired by PVH Corp. for a total of $700 million in 2003. It is headquartered in Midtown Manhattan, New York City, and has substantial market share in retail and commercial lines around the globe. In 2013, PVH bought Warnaco Group, one of the largest Calvin Klein licensees, for around $3 billion. Global retail sales under the Calvin Kl ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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Midtown Manhattan
Midtown Manhattan is the central portion of the New York City borough of Manhattan and serves as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as tourist destinations such as Broadway, Times Square, and Koreatown. Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere. Midtown Manhattan is the largest central business district in the world and ranks among the most expensive locations for real estate; Fifth Avenue in Midtown Manhattan commands the world's highest retail rents, with average annual rents at US in 2017. However, due to the high price of retail spaces in Midtown, there are also many vacant storefronts in the neighborhood. Midtown is the country's largest commer ...
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Jeffrey Banks
Jeffrey Banks (born November 3, 1955) is an American fashion designer and author, who has been described as a major black fashion maker. Early life Banks worked as a design assistant to Ralph Lauren (1971 to 1973) and Calvin Klein (1973 to 1976). He has claimed credit for Klein's logo garments, stating that he had the logo from a press folder silkscreened onto the sleeve of a brown T-shirt as a present for Klein. The gift was assumed by Barry K. Schwartz to be part of the upcoming line, and similar shirts formed the uniform for the front-of-house staff at Klein's next catwalk show, leading to the buyers asking to purchase them. Career After leaving Calvin Klein, Banks launched his own-name label in New York City in 1977, according to his official website, although some sources state 1978. By 1996, suits, shirts, eyewear and accessories from ''Jeffrey Banks Ltd.'' and ''Jeffrey Banks International'' were being sold worldwide with sales of about $20 million. Author As an au ...
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Fortune Magazine
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthusiastic about the idea – which Luce originally thou ...
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Coty Award
The Coty American Fashion Critics' Awards (awarded 1943–1984) were created in 1942 by the cosmetics and perfume company Coty, Inc. to promote and celebrate American fashion, and encourage design during the Second World War. In 1985, the Coty Awards were discontinued with the last presentation of the awards in September 1984; the CFDA Awards fulfill a similar role. It was casually referred to as "fashion's Oscars" because it once held great importance within the fashion industry and the award ceremonies were glitzy galas. History The Coty Awards were conceived and created by Coty, Inc. Executive Vice President, Jean Despres, founder of The Fragrance Foundation and FiFi Awards, and Grover Whalen (a member of the New York City Mayor's Committee, and president of the 1939 New York World's Fair). The fashion publicist Eleanor Lambert was employed to promote and produce the awards. The awards were given solely to designers based in America, unlike the Neiman Marcus Fashion Awa ...
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Vogue (magazine)
''Vogue'' is an American monthly fashion and lifestyle magazine that covers many topics, including haute couture fashion, beauty, culture, living, and runway. Based at One World Trade Center in the Financial District of Lower Manhattan, ''Vogue'' began in 1892 as a weekly newspaper before becoming a monthly magazine years later. Since its founding, ''Vogue'' has featured numerous actors, musicians, models, athletes, and other prominent celebrities. The largest issue published by ''Vogue'' magazine was the September 2012 edition, containing 900 pages. The British ''Vogue'', launched in 1916, was the first international edition, while the Italian version ''Vogue Italia'' has been called the top fashion magazine in the world. As of today, there are 26 international editions. History 1892–1905: Early years Arthur Baldwin Turnure, an American businessman, founded ''Vogue'' as a weekly newspaper based in New York City, sponsored by Kristoffer Wright, with its first issue on ...
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Bonwit Teller
Bonwit Teller & Co. was an American luxury department store in New York City, New York, founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street, and later a chain of department stores. In 1897, Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, east of Sixth Avenue. Bonwit specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives. The partnership was incorporated in 1907 and the store moved to the corner of Fifth Avenue and 38th Street. Throughout much of the 20th century, Bonwit was one of a group of upscale department stores on Fifth Avenue that catered to the "carriage trade". Among its most notable peers were Lord & Taylor, and Saks Fifth Avenue. Distinctive features The Bonwit Teller's flagship uptown building ...
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York Hotel
York Hotel may refer to: * York Hotel, Kalgoorlie, a heritage hotel in Western Australia * York Hotel, Adelaide, a 19th century Australian hotel developed by C. A. Hornabrook * York Hotel, Redcar, an English hotel that was the site of the York Hotel Fire in 1970. {{disambig ...
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New York Fashion Week
New York Fashion Week (NYFW), held in February and September of each year, is a semi-annual series of events in Manhattan typically spanning 7–9 days when international fashion collections are shown to buyers, the press, and the general public. It is one of four major fashion weeks in the world, collectively known as the "Big 4", along with those in Paris, London, and Milan. The Council of Fashion Designers of America (CFDA) created the modern notion of a centralized "New York Fashion Week" in 1993, although cities like London were already using their city's name in conjunction with the words ''fashion week'' in the 1980s. NYFW is based on a much older series of events called "Press Week", founded in 1943. On a global scale, most business and sales-oriented shows and some couture shows take place in New York City. A centralized calendar of citywide events (including those affiliated with WME/IMG) is kept by the CFDA, and was acquired from calendar founder Ruth Finley. The an ...
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Nicolas De Gunzburg
Nicolas Louis Alexandre de Gunzburg (; 12 December 1904 – 20 February 1981), also known as Baron Nicolas de Gunzburg, was a French-born magazine editor and socialite. He became an editor at several American publications, including '' Town & Country'', ''Vogue'', and ''Harper's Bazaar''. He was named to the International Best Dressed List Hall of Fame in 1971. Background and family Baron Nicolas "Niki" de Gunzburg was born in Paris, France, a scion of a wealthy and influential Russian-Jewish family, whose fortune had been made in banking and oil. The Günzburgs, as they were originally known, were ennobled during the 1870s by Louis III, Grand Duke of Hesse and by Rhine. When family members began spending a great deal of time in France later in the century, the umlaut was dropped and the particle "de" adopted. Their Hessian title was made hereditary in 1874 by Czar Alexander II of Russia. His father was Baron Gabriel Jacob "Jacques" de Gunzburg (1853–1929), a nephew of the Russ ...
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Protégé
Mentorship is the influence, guidance, or direction given by a mentor. A mentor is someone who teaches or gives help and advice to a less experienced and often younger person. In an organizational setting, a mentor influences the personal and professional growth of a mentee. Most traditional mentorships involve having senior employees mentor more junior employees, but mentors do not necessarily have to be more senior than the people they mentor. What matters is that mentors have experience that others can learn from. According to the Business Dictionary, a mentor is a senior or more experienced person who is assigned to function as an advisor, counsellor, or guide to a junior or trainee. The mentor is responsible for offering help and feedback to the person under their supervision. A mentor's role, according to this definition, is to use their experience to help a junior employee by supporting them in their work and career, providing comments on their work, and, most crucially, ...
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Ralph Lauren
Ralph Lauren, ( ; ; born October 14, 1939) is an American fashion designer, philanthropist, and billionaire businessman, best known for the Ralph Lauren Corporation, a global multibillion-dollar enterprise. He has become well known for his collection of rare automobiles, some of which have been displayed in museum exhibits. Lauren stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of April 2022, his net worth was estimated at US$6.9 billion. Early life Ralph Lifshitz was born on October 14, 1939, in the Bronx, New York City, to Ashkenazi Jewish immigrants, Frieda (Cutler) and Frank Lifshitz, an artist and house painter, from Pinsk, Second Polish Republic, now Belarus. The youngest of four siblings, he has two brothers and one sister. Lauren attended day school followed by the Manhattan Talmudical Academy, before eventually graduating from DeWitt Clinton High School in 1957. He went to Baruch College of the ...
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