"This is a brand with enormous potential," he said, noting its multi-categories menswear, women's, accessories, home, fragrance and gift items. "It's very identifiable and one of the few brands that's remained pure to its vision," he added, remarking on the lack of diffusion or secondary lines or brand collaborations. He sees the family-business approach as a significant asset too. "You would be hard-pressed to have a more family-run organization and that is part of the allure. There is a face you can recognize associated with it." He praised their retail savvy that translated into real estate acquisitions such as the visit these guys Madison Avenue building that houses the store and New York offices. Still, he sees support from L Catterton to properly invest in the e-commerce platform a necessary boost. "It's so paramount to invest in and have a strong online presence. Today the markets have sped up so quickly—especially with the importance of China, the Middle East, Mexico and Brazil—it's not enough to be adequate digitally," he suggested. Some of the more prominent luxury brand names in the L Catterton portfolio include Baccarat, Piazza Sempione, Giuseppe Zanotti, Gentle Monster and John Hardy. In recent months they acquired Birkenstock, which has been skewing its product upwardly with designer collaborations. Rihanna's wildly popular and democratic Savage X Fenty lingerie brand was added to the roster earlier this year. In 2018, they acquired Jessica Alba's clean skincare brand, The Honest Co. On the mass level, they claim brands such as PF Chang's China Bistro Inc., Wolfgang Puck Food Company, Inc., Anthony's Coal Fired Pizza and Wings, Build-A-Bear Workshop. Fitness, Medical and Tech-based services such as Classpass and Flash Parking also hold considerable space in the portfolio. There is speculation that L Catterton is also considering going public, as reported in Reuters. In between the luxury and mass brands are names with perceived luxury that have evolved in scale since the investment or sell the idea of luxury at aspirational prices. The former are companies such as Equinox and Bliss were once high-end exclusive enterprises scaled to a broader demographic. The latter brings to mind brands such as Restoration Hardware, Ganni and SMCP, which includes the French-founded fashion labels Sandro, Maje, Claudie Pierlot, De Fursac that sell on-trend clothing at contemporary price points and opened retail locations in almost every corner of Paris. The look is more luxurious than the actual product but fits consumer desire. This mentality of the last group could be of concern to Etro's luxury legacy.https://www.forbes.com/sites/roxannerobinson/2021/07/19/l-catterton-adds-italian-luxury-lifestyle-brand-etro-to-its-growing-roster/
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PSSH praises construction site superintendent Phil McClintock is celebrating 25 years with People’s Self-Help Housing. He is the organization’s construction site superintendent. Phil McClintock, the People’s Self-Help Housing construction site superintendent, is celebrating 25 years of service with the nonprofit. “Phil holds a wealth of institutional knowledge and best practices for our organization,” said Sheryl Flores, PSHH vice president of Home Ownership, in a news release. “His dedication to our mission, and the individuals we serve, is evident throughout his many years of service.” Originally hired in 1994 as a construction supervisor, Mr. McClintock served in a number of positions at PSHH, before his current job. As the construction site superintendent, Mr. McClintock manages the construction of homes for self-help owner-builders from start to finish. “After working with families for a year or more, handing them the keys to their new homes is extremely rewarding,” he said in the news release. In addition to his 25 years with PSHH, Mr. McClintock is celebrating another milestone. He will soon become a published author. His 120-page manual will cover how to carry out a self-help home building project from start to finish. To learn more about PSHH, its home ownership program and Mr. McClintock’s upcoming book, visit pshhc.org . People’s Self-Help Housing serves Santa Barbara, Ventura and San Luis Obispo counties.https://newspress.com/pssh-praises-construction-site-superintendent/