Baku's newly opened Fairmont Hotel occupies one of three flame-shaped skyscrapers whose curved facades, come nightfall, transform into giant video screens depicting blazing fires. From the 27th floor, there’s a lovely view of the Azerbaijani capital and its crescent-shaped bay in the Caspian Sea. One evening, an employee joins me at a window near the elevator and directs my gaze to a 162-meter pole topped witha national flag the size of two tennis courts. With evident pride, she tells me it’s the tallest flagpole in the world. In 2010, Azerbaijani President Ilham Aliyev marked its unveiling with an elaborate ceremony featuring scores of goose-stepping soldiers.
With its classic trench coats and traditional totes, Burberry Group Plc isn’t often credited with setting fashion trends. Yet as the British luxury brand pushes into fragrances and cosmetics, it’s doing something few have done before: going it alone.
For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
Sotheby’s appointed Domenico De Sole, the chairman of Tom Ford International and former head of Gucci, to the role of lead independent director as the auction house is under criticism from activist investor Daniel Loeb.