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WSJ Obituaries, Dec 10, 2022 (I)

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楼主
发表于 12-19-2022 14:50:50 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
(1) James R Hagerty, Frank Mori 1940-2022   CEO's Push Helped Make Donna Karan a Star.
https://www.wsj.com/articles/fra ... -a-star-11670511615

Note:
(a) Anne "Klein had died in 1974. Takihyo, a Japanese firm that owned a large stake in her company, recruited Mr. Mori to try to save its investment.
(i) Anne Klein (fashion designer)
https://en.wikipedia.org/wiki/Anne_Klein_(fashion_designer)
(1923 – 1974 (did of breast cancer); born in 1923 in Brooklyn, New York, as Hannah Golofski; In 1948 she married clothing manufacturer Ben Klein; In 1960 her marriage to Ben Klein ended; in 1963 she remarried on Rubenstein; In 1968, she established the Anne Klein & Company label )
(ii)
(A) Takihyo History. Takihyo Co, Ltd, undated
https://www.takihyo.co.jp/en/about/history/

Quote:

"1751          The original Hyoemon [correct romanization: Hyōemon; 初代 兵右衛門; 兵 has 2 Chinese pronunciations: hei and hyō] establishes 'Kinuya [絹屋],' a Kyoto kimono [fabric only, per ja.wikipedia.org] business in Kochino [古知野(町)] (present day Konan [correct romanization: Kōnan, where ō signifies a long vowel of o; so named as it is located 木曽川の南] City in Aichi Prefecture [現愛知県江南市; Aichi capital is Nagoya]).

"1837           Permitted to use the 'Taki' [滝 (which is a much more common way in Japan to say 瀑布); Hyōemon was just a give nam, so 初代 and 二代 兵右衛門 had no surname, like most Japanese; 三代 after 1837 became 瀧 兵右衛門, whose son would be 四代 瀧兵右衛門 ] surname as one of the top 10 members of the Owari domain [尾張藩; 藩主 was surnamed 徳川 because '徳川家康の九男・徳川義直を家祖とする'].

"1875         Moves the headquarters to Nagoya

"1973年        Takes a stake in Anne Klein in the US

(B) Japanese name
https://en.wikipedia.org/wiki/Japanese_name
("The current structure (family name + given name) did not materialize until the 1870s, when the Japanese government created the new family registration system" and ordered commoners to have any family names, which account for many, many family names in Japan; before 1870s, only aristocrats and samurai had family names)


(b) Takihyo was the sole owner of Anne Klein 1973-1999, which was sold to Kasper ASL, Ltd (from Herbert Kasper and Arthur S Levine). Named for its founding location in the Solow Building at 9 West 57th Street, Manhattan, Nine West Holdings, Inc in January, 2017 acquired Kasper,  in 2018 applied for bankruptcy protection, in 2019 emerged from bankruptcy proceeding, renamed itself Premier Brands Group Holdings LLC, and immediately sold Anne Klein to newly formed WHP Global (founded by founder of Manhattan-based Wave Hill Partners, Yehuda Shmidman. The young, Jewish Shmidmanm born and raised om Mew Jersey, also owns Toys"R"Us and Martha Stewart. Anne Glein the company was founded by its namesake in 1968, which in recent years had the annual revenue of ~$700 million.

Jacob Bogage, How Martha Stewart Lost Her $2 Billion Empire. Washington Post, June 29, 2015.
https://www.washingtonpost.com/n ... r-2-billion-empire/
("That's both a knock on and a compliment to Stewart’s impact on the lifestyle industry. There’s an entire generation of consumers who have embraced her credo and brand, only to turn around and search for like products elsewhere."_

The knock-on can be adjective and used in knock-on effect to mean ripple effect. But here it is different:
knock (n):
"1 b(1): a severe misfortune or hardship
      (2): SETBACK, REVERSAL"
https://www.merriam-webster.com/dictionary/knock

Here, either "misfortune" or "setback" fits the bill.

credo (n; Did You know?)
https://www.merriam-webster.com/dictionary/credo
English noun creed (meaning the same) is derived from the Latin verb credo I believe, whose dictionary form is credere believe.


(c)
(i) Donna Karan
https://en.wikipedia.org/wiki/Donna_Karan
(born as Donna Ivy Faske in Queens [in 1948]; table: first husband Mark Karan ​​(m. 1976; div. 1978), second husband Stephan Weiss ​(m. 1983; died 2001) )
(ii) "models strutted on stage to the strains of Ravel's 'Boléro.'
(A) English dictionaries:
• strain (n): "TUNE"
https://www.merriam-webster.com/dictionary/strain
• strain (n): "strains (plural)  the sound of music being played or performed  <I could hear the strains of Mozart in the background>"
https://dictionary.cambridge.org/us/dictionary/english/strain
(B) Boléro
https://en.wikipedia.org/wiki/Boléro

The bolero was first a Spanish dance
https://en.wikipedia.org/wiki/Bolero_(Spanish_dance)
and later a Cuban song genre.
https://en.wikipedia.org/wiki/Bolero
(iii) Leonard Bernstein
https://en.wikipedia.org/wiki/Leonard_Bernstein



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沙发
 楼主| 发表于 12-19-2022 14:51:27 | 只看该作者
---------------WSJ
Frank Mori, whose previous experience included selling bras, Jell-O and Dixie cups, arrived as chief executive of Anne Klein & Co. in 1975 with a mission some industry people saw as impossible: Keeping a fashion house relevant after the death of its namesake designer.

Ms. Klein had died in 1974. Takihyo, a Japanese firm that owned a large stake in her company, recruited Mr. Mori to try to save its investment. “A fashion house usually dies when the founder dies,” Mr. Mori said later. “We knew that. But the business was still functioning.”

Mr. Mori imposed tighter controls on inventories and accounts receivable. More important, he and Tomio Taki [滝 富夫], the head of Takihyo, encouraged Ms. Klein's assistant, Donna Karan, to stay on and create new styles along with a partner, Louis Dell'Olio. Anne Klein sales surged during Mr. Mori's first three years at the helm.

In the mid-1980s, Messrs. Mori and Taki prodded a reluctant Ms. Karan into striking out on her own to create a brand with their financial backing. Though Ms. Karan initially had doubts about her ability to succeed outside the Anne Klein umbrella, she swiftly became one of the biggest names in fashion.

"I have to say I wouldn't be who I am if it wasn't for Frank and Tomio Taki," Ms. Karan told WWD [Women's Wear Daily (1910- )] last month.

Mr. Mori died Nov. 22 at his home in Westport, Conn., of what his family described as a long illness. He was 82.

Frank Richard Mori was born Oct. 9, 1940, and grew up in Verona, N.J. As a high-school student, he excelled in soccer and was named to an all-state team. He studied economics at Dartmouth College, where he played varsity soccer and was described as "a hustler and scrapper." He earned an M.B.A. degree at Harvard in 1964.

Mr. Mori's early business experience included stops at General Foods Corp., where he was a product manager for Jell-O; American Can Co., where he worked with products including paper cups, and Hanes Corp.'s Bali unit, a maker of bras.

Though he knew the Anne Klein job was a risk, Mr. Mori, in his mid-30s, was eager to run something. "I couldn't quite see myself waiting out the years to get to the top" at a larger company, he told United Press International. "Every year the job was the same, looking for new ways to promote the same products."

At Anne Klein, one of the challenges was to hold on to Donna Karan as her renown and ambitions grew. In 1976, Mr. Mori splurged to let her present the latest Anne Klein collection at the Winter Garden Theatre on Broadway, where models strutted on stage to the strains of Ravel's "Boléro." The spectacle won a standing ovation.

By the mid-1980s, Ms. Karan was eager to start her own line of clothing but also wanted to hang on to the security of her Anne Klein job. Messrs. Mori and Taki pressed her to give up her Anne Klein position and devote herself full time to running a separate business under her own name.

Finally, she wrote in her 2015 memoir, "My Journey," Messrs. Mori and Taki forced the issue by firing her from Anne Klein. "This is difficult for us," she recalled Mr. Mori saying, "but it's clear your soul isn't here anymore."

Though initially "numb with shock," Ms. Karan finally agreed to create a company under her name, in which Takihyo held a 50% stake. Her success made the partners happy for a while, but they scrapped over strategy in the 1990s. One issue was the role of her husband, Stephan Weiss, a sculptor who insisted on creating an in-house beauty-products unit rather than licensing out the rights, as many other designers did.

Mr. Mori suggested that her company should go public with an initial public offering. "It was obvious he wanted out, and going public would be a smooth and profitable way to break the partnership," Ms. Karan wrote. The company went public in June 1996.

In 1999, Takihyo sold Anne Klein to Kasper A.S.L. Ltd.

Messrs. Mori and Taki remained friends and played golf together. They had complementary styles, Mr. Taki said. Mr. Mori had strong communication skills and knew how to work smoothly with employees, while Mr. Taki was more aggressive. Mr. Mori hated firing people and relied on Mr. Taki to handle that chore. When Mr. Mori wanted to hire a new driver, Mr. Taki fired his old one.

Mr. Mori is survived by three children and four grandchildren. His three marriages ended in divorce or annulment.

As a fashion executive, Mr. Mori told WWD in 1984, "my job was to be the orchestra leader" rather than a meddler in design and sales. "I had good people to do all that. My job was to be Leonard Bernstein and to make sure everyone was playing the same tune."
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