Family Relation
Pepsi formula inventor's heirs sue Pepsico Inc
The heirs of Richard Ritchie, the man who developed the formula for Pepsi-Cola in 1931, sued Pepsico Inc on Friday, saying they wanted to erase any doubt that his documents were theirs to share with historians, collectors and film producers.
A lawsuit filed in Manhattan federal court by Ritchie's daughter, Joan Ritchie Silleck, and his son, Robert Ritchie, said they wanted to "tell their father's extraordinary life story without interference or the threat of litigation" from Pepsi.
Retail sourcing spurs an India supply club
Designco's sprint from brass mill to mass supplier in high-quality home decor to the likes of Walmart and IKEA showcases the transformational scale of a sourcing shift
Vipul Gupta, 25, leans back in his large, towel-covered chair, inside a predictable wood-panelled office, and begins a story. It’s about how his grandfather, Narayan Kumar Lohia, a purveyor of watches in Haridwar, established a brass rolling mill some time in the 1970s. And, subsequently, brought his four sons together to start a brass handicrafts company in 1982.
Bulgari family enters wine business
Recognised across the world, the Bulgari name is one of the most iconic luxury brands ever created, known for its watches, handbags, jewellery and fragrances.
But starting this week, sharp-eyed wine consumers might notice the name in an unexpected place, a wine label, as the Bulgari family slowly enters the wine business.
Paolo Bulgari, the former chairman of the Bulgari Group, and his son Giovanni have started PoderNuovo, a winery named after the family's estate in southern Tuscany and where the family will make its wine.
Managing people takes flexibility, says Darwin Leo, COO of PT Columbindo Perdana
For any company, 30 years is a long time to be in business. Along the way there are bound to be challenges and obstacles that prove too much for less resilient firms.
A longtime survivor is PT Columbindo Perdana (CP), better known as Colombia Cash & Credit. In March 2012, Indonesia's pioneering retail company dealing in electronics and modern furniture will celebrate its 30th anniversary.
Luxury brands from Facebook and short movies to old style promotion
During the latest Paris Haute Couture Fashion Week, many were surprised to learn they were no longer on Chanel’s invitees’ list. Despite organizing two shows, the French maison opted for the usual location for the past years, the Grand Palais, however, the large scale of the décor would limit the number of seats in the audience. Much like in the days of Christian Dior himself, the house of Dior hosted a small event at its Avenue Montaigne headquarters, with a much smaller audience than Galliano’s previous lavish haute couture shows.
Kim Jong Il death to hit Asia markets only in short-term
The death of North Korean leader Kim Jong Il sent Asian equities tumbling on Monday as worries over stability in the region spooked investors. But analysts told CNBC that the downside would be short-lived.
Zegna keeps it in the family to expand its retail empire
Today there are more than 560 Ermenegildo Zegna stores selling luxury clothing by the leading Italian fashion house in more than 80 countries around the world, and last year Zegna celebrated its 100th anniversary with total group revenues in 2010 reaching EUR963 million.
Carl's Jr. opens 1st restaurant in Auckland, NZ
CKE Restaurants, Inc. has announced the opening of its first Carl's Jr. restaurant in Auckland, New Zealand. This is the first of many Carl's Jr. restaurants planned to open in New Zealand over the next five years.
CEO Talking Shop: The babywear & maternity clothing market in Hong Kong starts delivering
If you haven't been pregnant or know someone who's pregnant, you may not know there is a market gap in affordable quality baby and maternity clothing around Asia. When becoming a mother, Chrissy Denton saw this opportunity and created her own baby and maternity wear business in Hong Kong. Now, Denton is the director and designer for her own brand Bebe 2 be, and takes time out to talk to Retail in Asia about the story behind the brand.
Giorgio Armani to introduces his nephew to the board
Following the sudden resignation of John Hooks, Giorgio Armani has announced his board seat to be taken over by his nephew Andrea Camerana. However, Hooks' position of vice president will not be filled. Livio Proli, general manager of the Giorgio Armani Group has been given increased responsibilities.
For related articles, visit cpp-luxury.com.