Thursday, July 26, 2007

""Faconnable represents for us the cornerstone in the development of our strategy aimed at investing in luxury products with a big potential for growth," Mikati said. Nordstrom purchased Faconnable for $169 million in 2000. The line has been sold in the U.S. at Nordstrom stores and Nordstrom-operated Faconnable boutiques since 1989, where it became one of the company's top-selling labels."