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BUSINESS
June 12, 2012 | By Tiffany Hsu
Michael Kors is making it work: Profit at the newly public luxury retailer more than tripled in the fourth quarter. The American fashion designer puts out extravagant $2,295 python satchels (other bags come in ostrich and crocodile) and $1,295 calf-hair cowboy boots but also creates more affordable $59 thong sandals as well as stylish iPhone carriers and MacBook sleeves. The high-low strategy seems to be working. Michael Kors Holdings, which had its initial public offering last year, netted $43.6 million in net income, or 22 cents a share in its fiscal fourth quarter.
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NEWS
August 10, 2011 | By Christopher Reynolds, Los AngelesTimes staff writer
Maybe by now your summer is booked. But up in the high desert of Oregon, a luxury ranch resort is eager to lasso you for fall. It's called Brasada Ranch , and it's an 1,800-acre hotel, golf and vacation-home development at Powell Butte, Ore. That's about 15 miles northeast of Bend in the high desert, with distant views of the snow-capped Cascades. It includes 80 cabins (one to three bedrooms, families welcome) and eight suites (500 square feet and up; children under 14 forbidden)
BUSINESS
April 2, 2014 | By Andrew Khouri
Arizona home builder Taylor Morrison Home Corp. has agreed to purchase a swath of coastal Orange County land, kick starting a long-stalled development that fell victim to the recession. The builder, in a deal announced late Tuesday, said it would buy nearly 200 acres in San Clemente and start construction next year. The 308-home Marblehead development has been in the works for decades. It faced stiff opposition from environmental groups, which sought to save one of the last open spaces along the Southern California coast.
ENTERTAINMENT
July 16, 2012 | By Ben Fritz
At this year's Comic-Con International, Warner Bros.  set up a VIP-only tent so packed with luxury that some of those allowed in said it reminded them more of the Cannes Film Festival than the annual gathering of geek fans. There was little indication outside that there was anything special about the white tent that sprouted up for the first time this year. Located in between the San Diego Convention Center's Hall H, where the most popular panels for movies and TV shows are held, and the "Extra" stage where Warner touted many of its TV shows in an outdoor setting, it was surrounded by shrubbery.
BUSINESS
April 15, 2010 | By Alana Semuels
The condo in the Palacio del Mar development just south of Mexico's Rosarito Beach spares no luxuries. Travertine tile. Stainless steel appliances. A customized wine rack. Then there's the view. On one side is the glittering Pacific. On another, just 30 feet away, is the half-completed shell of an adjacent condominium project. The building looks like an abandoned parking garage, with floors of concrete piled atop one another and steel spikes poking out from the floor. This luxury condo belongs to Dan McNeil, a Phoenix real estate investor who put it up for sale a year ago after the value of his properties above the border tanked.
BUSINESS
November 18, 2009 | Times Wire Reports
Luxury retail chain Saks Inc. reported an unexpected fiscal third-quarter profit, its first in more than a year, after it reduced inventories and expenses to counter a sales drop. Net income was $1.93 million, or 1 cent a share, in the quarter ended Oct. 31, compared with a loss of $43.7 million, or 32 cents, a year earlier, New York-based Saks said. Revenue declined 8.5% to $631.4 million. Sales at stores open at least a year fell 10%. Revenue has dropped as consumers crimped luxury spending amid job losses and lower home values.
NEWS
September 29, 1985
Luxury is fun! I do hope you will feature more and more homes of elegant opulence, of drop-dead decor. I much prefer to peek through the windows of a simply marvelous mansion than a boring, bourgeois bungalow. (Actually, the former provides many more decorating tips I can endeavor to emulate. I know for a fact that real people abide therein and thoroughly enjoy them.) Not all of us dine in our BVDs. Eunice Blauk Beverly Hills
CALIFORNIA | LOCAL
September 12, 1992
I would like to respond to the article Aug. 21 ("Gallegly Tries to Save Oil Museum") regarding the closing of the Unocal Museum in Santa Paula. It is unbelievable that Rep. Gallegly regards a mere building to be more important than the loss of jobs. Unocal for the last year has been terminating employees by the hundreds under the guise of having to pay down the debt that they incurred beginning with the proxy fight with T. Boone Pickens in the mid-1980s. As stated in the article, Unocal spent at least $2.5 million on refurbishing the building for its 1990 centennial celebration.
NEWS
September 6, 1999 | JOSH GETLIN, TIMES STAFF WRITER
When a chic new restaurant recently opened here, it seemed natural that the East Hampton Star, a venerable weekly that has covered this resort town since 1885, would review it. But even the restaurant critic couldn't get into Maya's, a pricey newcomer with a branch in St. Bart's and a celebrity A-list that seemed to materialize overnight. "I wasn't able to get a table for two weeks," said food writer Sheridan Sansegundo, "and that shows you how much the Hamptons have changed.
AUTOS
April 15, 2014 | By David Undercoffler
Lexus is jumping into the suddenly crowded field for compact luxury SUVs. Toyota's luxury division will welcome the all-new NX compact crossover SUV later this month at the Beijing Auto Show. The vehicle will serve as an entry-level crossover, smaller in price and stature than the company's wildly popular RX. In addition to entering a new segment, the NX marks the the first time Lexus has used a turbocharged engine. PHOTOS: 2015 Lexus NX compact crossover The NX 200t will come with a 2.0-liter, turbocharged four-cylinder, Lexus said.
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