Designers Guild Essay Example

Designers Guild Essay Example Designers Guild Essay Designers Guild Essay A professionally managed textile company, offering a wide variety of bed accessories. Viz. , bed linen, towels, blankets and throws etc. , Company has good administration, customer service and an excellent strategy of direct marketing. Company offers respectable and quality services to its customers while protecting their privacy. It is providing a gift-wrap option for customers, apart from providing door delivery services. Company uses encryption technology on website to protect the transaction information. Coller Campbell (Liberty) In all of Europe, Collier Campbell is considered as one of the finest textile design company The state-of-art privileged the company to design patterned fabrics for Yves Saint Laurent and Marks and Spencer. The company has tapped success market through strategic partnerships with Martex and MEIER. Company advertises its products on a large scale to promote sales growth. Much of its growth is contributed by media relations, programs, retailers and partnerships. Cotton fabrics give an aesthetic appeal while beatifying simplicity. The selection of colors and its combination appears as classic design. The company offers a fabric menu viz. , egg plant and rose wood, Black berry and Raisin etc. , The company received a medal in the year 1986, from Worldwide Organization for Textiles including clothing and footwear. Conran Sir Terence Conran is the founder of Conran Group. The company was incorporated with the principal activity of architecture, design and the operation of restaurants and shops in Europe, the USA and Japan. Currently the company is running twenty restaurants and eight Conran Shops in London, Paris New York and Japan. While company’s restaurants in Britain are essentially known as dynamic, Conran shops are very selective and leading in retail business in marketing and selling of well-designed furniture and home furnishings. Most of the pieces are very exclusive to the credit of Conran shops. Anna French Anna opened her showroom in the year 1989 on Kings Road, Chelsea. She works on the development of designs for life style, tableware and furniture as a complete package for interiors and home decors. All her designs are created in Anna’s London Studio and marketed worldwide. Terrence Conran [exclusive discussion] Sir Terrence Conran is a designer and an entrepreneur. He was born in London in 1931. His career began with textile design in 1952 and after working at Royal Centre, he started his own furniture making business Conran Co. , Hitherto, even after a great achieving a great success, 73 year old English designer is always busy in designing chairs, sofas, vases ; restaurants and cafes; apartment rooms and hotels. In 1953, opened first restaurant ‘soup kitchen’ and after three years, in 1956 he founded Conran Design Group in London. His present experience spans over five decades in designing making him the doyen in designing and restaurant industry. His chain of stores and restaurants are dynamic and professionally organized. Conran’s contribution to design and architecture won him recognition of various professional organizations and Governments. Sir Terence Conran has placed himself as a leader in textile and designing industry for his versatility and record of experience of work. He has been awarded with several highest honors and medals for excellent models in the field of designing. He is of great advantage to the upcoming designers and textile companies. Ive always seen myself as a designer first, rather than a businessman, he once confessed†. 3 â€Å"My belief is simply that if reasonable and intelligent people are offered something that is well-made, well-designed, of a decent quality, and at a price they can afford, then they will like it and buy it. †4 Philosophy of Sir Terence Conran Group The company is earmarked with a massive success in business with 20 restaurants and eight Conran shops all over the world. The company adheres to the beliefs and aims in offering quality services with competitive prices to customers. The administration and staff shoulder a duty bound responsibility in delivering a high degree of service and also in developing the company’s business. Conran Restaurants offer people a wide range of tastes and blending favours in food. Conran shop sells exclusive pieces of furniture and home furnishings, which very well meet the demands of all range of customers. Association for Stimulating Know-How (ASK) The Conran shop, with the association of ASK has set up a school called ‘SANKALP’ in metal working region in India. A society based work for providing education to 200 children is being funded by Conran shop. â€Å"It is a great to work with our partners ASK on the Sankalp School in Moradabad. It now provides a place of education that not only over 200 children enjoy, but also a place the surrounding community, benefit from. †5- Jill Webb, Conran Limited Educational charity and a Chef Apprentice programme Conran also established an educational charity in 1980 to fund children for education and welfare. To develop an interest in restaurant careers among young people and students, an apprentice programme has been introduced as ‘Chef Apprenctice Programme. This programme encourages the new recruits to work as well study and make career in hospitality industry. A brief discussion Conran Group Conran Holdings This is the parent company of Conran Group. The main business of the company is architecture and design, operation of restaurants and shops in Europe, USA and Japan. Conran Restaurants Founded in 1991, Conran Restaurants are the most dynamic restaurants in Britain. The chain of restaurants are in UK, London, Paris, New York with many new ventures under plan. The Bluebird Restaurant has a seating capacity for 190 people at one time and can work on large or small group of reservations. Conran Partners This company has an expertise in master planning, architecture, interior design, product design and graphic design. Many outstanding designs of architecture and interiors have been created through this company. Conran Shop The Conran shop started its activities in 1973. It offers a wide range of selective, contemporary, well designed furniture and home furnishings. Also the shop offers a wide variety of web services all over the world. The company is exceedingly successful in retail business in the world. It offers articles for the following categories.

How the HUD Anti-Flipping Rule Protects Homebuyers

How the HUD Anti-Flipping Rule Protects Homebuyers In May 2003, the U.S. Department of Housing and Urban Development (HUD) issued a federal regulation intended to protect potential homebuyers from potentially predatory lending practices associated with the process of flipping home mortgages insured by the Federal Housing Administration (FHA). Thanks to the rule, homebuyers can â€Å"feel confident that they are protected from unscrupulous practices,† said then-HUD Secretary Mel Martinez. â€Å"This final rule represents a major step in our efforts to eliminate predatory lending practices,† he said in a press release. In essence, â€Å"flipping† is a type of real estate investment strategy in which an investor buys houses or property with the sole intent of reselling them for a profit. The investor’s profit is generated through increased future sale prices that occur as a result of a rising housing market, renovations and capital improvements made to the property, or both. Investors who employ the flipping strategy risk financial losses due to price depreciation during declines in the housing market. Home flipping becomes an abusive practice when a property is resold for a large profit at an artificially inflated price immediately after being acquired by the seller with little or no appreciable improvements to the property.  According to HUD, the predatory lending happens when unsuspecting homebuyers either pay a price far higher than its fair market value or commit to a mortgage at unjustly inflated interest rates, closing costs or both. Not to Be Confused With Legal Flipping The term â€Å"flipping† in this instance should not be confused with the completely legal and ethical practice of buying a financially distressed or rundown home, making extensive â€Å"sweat equity† improvements in order to truly raise its fair market value, and then selling it for a profit. What the Rule Does Under HUD’s regulation, FR-4615 Prohibition of Property Flipping in HUDs Single Family Mortgage Insurance Programs,† recently flipped homes are not allowed to qualify for FHA mortgage insurance. In addition, it allows FHA to require persons attempting to sell flipped homes to provide additional documentation proving that the home’s appraised fair market value had truly increased significantly. In other words, prove that their profit from the sale is justified. Key Provisions of the Rule Sale by Owner of Record Only the owner of record may sell a home to an individual who will obtain FHA mortgage insurance for the loan; it may not involve any sale or assignment of the sales contract, a procedure often observed when the homebuyer is determined to have been a victim of predatory practices. Time Restrictions on Resales Resales occurring 90 days or less following acquisition will not be eligible for a mortgage to be insured by FHA. FHAs analysis disclosed that among the most egregious examples of predatory lending was on flips that occurred within a very brief time span, often within days. Thus, the quick flips will be eliminated.Resales occurring between 91 and 180 days will be eligible provided that the lender obtains an additional appraisal from an independent appraiser based on a resale percentage threshold established by FHA; this threshold would be relatively high so as to not adversely affect legitimate rehabilitation efforts but still deter unscrupulous sellers, lenders, and appraisers from attempting to flip properties and defraud homebuyers. Lenders may also prove that the increased value is the result of rehabilitation of the property.Resales occurring between 90 days and one year will be subject to a requirement that the lender obtains additional documentation to support the value to add ress circumstances or locations where HUD identifies property flipping as a problem. This authority would supersede the higher expected threshold established for the above-mentioned 90 to 180 day period and will be invoked when FHA determines that substantial abuse may be occurring in a particular locality. Exceptions to the Anti-Flipping Rule The FHA will allow waivers to the property flipping restrictions for: properties acquired by an employer or relocation agency in connection with the relocation of an employee;resales of foreclosed, bank-owned property by HUD under its real estate owned (REO) program;sales of property by other U.S. government agencies;sales of properties by nonprofit organizations approved by HUD to buy single-family properties at a discount with resale restrictions;sales of properties that are acquired by the seller by inheritance;sales of properties by state and federally-chartered financial institutions and Government-Sponsored Enterprises;sales of properties by local and state government agencies; andsales of properties within Presidentially Declared Major Disaster Areas (PDMDA), only upon issuance of a notice of an exception from HUD. The above restrictions do not apply to builders selling a newly built house or building a house for a borrower planning to use FHA-insured financing.