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Pink, Donna Karan, Sephora, and many more. Richemont owns Montblanc, Cartier, Piaget, and Van Cleef Arpels. Kering owns Gucci, Balenciaga, Alexander McQueen, Stella McCartney, etc. Because they're diversified, they can invest in new designers, much like a big record label can or could, in better days take chances on minor artists on the off chance they take off."Between the moment they invest in them and the moment they will get their return will be five to seven years," says Ketty Maisonrouge, a luxury branding consultant. "If you look at most brands, what's successful today, they all try to understand what it is to make sure you don't grow too fast."If Coach is to recover, Wall Street is going to need to let it ease off the gas pedal, make like Burberry, and realize that a sterling brand and massive sales are a contradiction in terms.If Eric Daniels defers his bonusIt may not sound much but, taking the middle figure, that's another 50p for every single income taxpayer in the UK. On top of the 4350 per family the banking bailout has cost us that's a pittance. But it is still our money.Even now, two years after the collapse of Lehmans, bankers still don't get it.This week we've had handbags at dawn again. Lord Turner of the FSA has come out in defence of bankers' bonuses once again: Vince Cable has lost it and appears to think all bankers should be flayed, skinned and boiled in oil. Neither has added much to the sum of human knowledge and certainly done nothing to placate the man on the Clapham omnibus.Chat to anyone in the High Street, in a bar or at a caf and it is still abundantly clear that they feel genuine anger about banks and bankers.Daniels was, with Sir Victor Blank, the architect of Lloyds' disastrous takeover of HBOS. That not only cost the taxpayer 17 billion directly but also shareholders millions of pounds in lost dividends and immeasurable damage to the UK economy as jobs were lost and funds diverted to strengthen the balance sheet rather than to lend to small businesses.So it is hard to see how his successor could come from the potential internal candidates. In particular if Helen Weir, head of retail banking, emerges as frontrunner it is worth