WWD's day in quotes from today's edition.
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“I do believe in putting your money where your mouth is. It’s important for people to have a financial stake in things. It makes people make good investments and make good decisions.” — Glen Senk on partnering with Berkshire Partners.
“They would never have wanted anything that was not legitimate. Designers don’t deal with finance or administration, and they don’t want to know about either one,” — Massimo Dinoia, lawyer for Domenico Dolce and Stefano Gabbana, as tax trial presses on.
“People ask me, what is your business plan; I say it’s not to crumble.” — designer Agatha Ruiz de la Prada at the Spanish Fashion exhibit in Paris.
“Change isn’t anymore about being defensive and making excuses. We can all make changes.” — Rev. Al Sharpton, on meetings with retailers and the NYC Police Commission to discuss racial profiling in stores.
“We think that watches [are] not only a good business opportunity but [equally] an image opportunity.” — Fendi’s chief executive officer Pietro Beccari on the company buying the remaining stake in its watch licensee Taramax SA.
“They were severely lacking in investment, and were starved of capital. The owners dribbled in money for projects such as the Oxford Street store refurbishment, but there was an overall lack of investment.” — Retail analyst Freddie George of Cantor Fitzgerald Europe Research, on Sanpower’s deal to buy House of Fraser.
“Donna chose the school because Claire McCardell was a big inspiration for her, and Narciso chose it because Donna was a big inspiration for him. Behnaz chose it because Narciso was a big inspiration for her. It was this continuous cycle.” — Parsons dean of fashion Simon Collins on the new book, “The School of Fashion: 30 Parsons Designers.”
"We’re not going to be the cheapest, but we’re not going to be the most expensive. We’re affordable luxury and that’s very key for the brand.” — Dune London founder Daniel Rubin on expansion to the U.S.