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The Zieglers founded Banana Republic in Mill Valley, California, in 1978. The brand's safari-style clothing was styled by Patricia Ziegler. Mel wrote the catalog. Upon hearing the business's name, a friend told the Zieglers, "Bad choice. You'll be picketed by people from small hot countries." [2]
Co-founder of The Gap Inc. ... They went on to purchase Banana Republic, ... Fisher's net worth in 1999 was estimated to be US$4.3 billion. [5]
In August 2020, the company announced that it, alongside its Banana Republic brand, would close over 225 store locations as a result of the COVID-19 pandemic response. [37] Less than two months later, the company announced that the total number of stores to be closed by 2024 was 350.
Co-founder and former CEO, ... Banana Republic and CW in late 2014. ... the magazine ranked Systrom as a billionaire with an estimated net worth of US$1.1 billion. ...
Such holdings gave it great power over the governments of small countries. That was one of the factors that led to the coining of the phrase "banana republic". [9] In 1933, concerned that the company was mismanaged and that its market value had plunged, Zemurray staged a hostile takeover. Zemurray moved the company's headquarters to New Orleans ...
In 1989, Fisher was named president of Banana Republic. In 1990, he became a member of the Board of Directors of Gap Inc., and in 1992, he was named an executive vice president of Gap Inc. From 1993 to 1995, he served as chief financial officer of Gap Inc., at which time he was promoted to chief operating officer of the company.
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Cover of Cabbages and Kings (1904 edition). In the 20th century, American writer O. Henry (William Sydney Porter, 1862–1910) coined the term banana republic to describe the fictional Republic of Anchuria in the book Cabbages and Kings (1904), [1] a collection of thematically related short stories inspired by his experiences in Honduras, whose economy was heavily dependent on the export of ...