The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
The luxury fashion playbook is never talking down to the customer
“I think the big playbook is never talk down to the customer. So whether it's a t-shirt or an evening gown, It's thoughtfully and intelligently designed, and we also have to remember, in a world that is casual, the richest person in the world does not fill thei…”
Kors: Good designers solve problems democratically across ages and sizes
“If you're good at what you do, you're a problem solver. You're solving the puzzle. So you should be able to design in such a way that you get your message across, but at the same time, you have that possibility to be democratic, whether that's just in size or …”
Michael Kors personally reviews 95 percent of the brand's designs
“Am I touching every piece myself? I would say 95% of it, yes. I see it.”
Kors: Fashion sportswear means versatile separates, not athletic jogging clothes
“You know, what we in the fashion industry say sportswear, A lot of people think that means jogging clothes, but it's really boils down to sort of this American invention of clothes that are versatile, you know, separate pieces that you can wear different ways.”
Bergdorf Goodman secured one-year New York exclusivity for Kors's debut line
“Don Mello said, we really think the clothes are terrific, and we think they're perfect for Bergdorf Goodman, and we... We want to be the only store in New York to carry the collection for at least a year.”
Michael Kors kept producing and shipping collections during Chapter 11 bankruptcy
“We went into Chapter 11 bankruptcy, but the, right away we made the decision
We're not gonna stop producing our collection.
We're gonna continue to ship it to the stores, and we're gonna continue doing business.
Maybe we won't be able to have an advertising…”
Kors: LVMH and Kashiyama investments stabilized brand to launch accessories
“We had an investment from Arnold Kashyama and we had the investment in 99 from LVMH. Definitely put us on much more stable ground to grow the business and to launch Michael Kors accessories in the early, I think it was, 2000, actually.”
Sizing makes apparel much more expensive to manage than accessories
“Well, the thing we have to remember about apparel versus a handbag, handbags don't have a size. In clothing, invariably, and we all know when we go shopping, if you wear a size 34 jean, and somehow you go to the store and they've got a hundred pairs of jeans, …”
Michael Kors worked as a child actor in Lucky Charms and Charmin commercials
“And the first thing I did was in fact, a Lucky Charms commercial. I did a lot of things that, in fact, got tested in different markets. You know, Snapple, for instance, of course, now we think of Snapple as iced tea. I did Snapple apple chips, which that did n…”
Michael Kors skipped his high school prom to visit Studio 54
“Instead of going to my senior high school prom, that was in fact the night that I first went to Studio 54.”