Forget about cars - can fashion help Detroit make a comeback?
Native son envisages fashion hub where every element of fashion design, manufacturing, marketing can take place
Detroit
IN 1915, as demand for the Model T was booming, Henry Ford came up with a plan.
He bought land to build a complex that would include all aspects of car production, starting with raw materials such as iron ore and coal, producing glass and steel, and culminating in parts and ultimately, cars. His vision led to Ford's giant Rouge Complex in Dearborn, Michigan, which employed 100,000 people at its peak, and is still in use today.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
Cordlife shareholders vote to remove 3 directors, including co-founder Ho Choon Hou, from board
Walmart to lay off hundreds of corporate staff and relocate others: WSJ
Haidilao restaurant operator Super Hi targets US$1.38 billion valuation in US IPO
Cordlife to cancel private placement; MOH stresses importance of local directors
GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally