To:
Subject: RE: No Subject
Date: Mon, 05 Nov 2001 19:51:22 +0000
Hi Amanda:
I just left you a Voice mail.
I was only in NY for a day or so as I wanted to get back to prepare for the storm which never
happened...
I left Josh a voice mail this weekend.
I had sent an entire Tuleh package to the new CEO of LVMH. Spoke with him today to follow-up.
He had already forwarded the info to the head of LV Capital which makes investments in young,
up in coming fashion firms. He is going to follow-up and I am actually meeting him in NY on
Monday about a variety of matters and will follow-up on status of possible Tuleh investment.
After careful review, discussion and basic analysis, I sincerely believe that Tuleh is going
to require far more than $500K and also intense management structure and intervention.
I also believe that since 9/11, the climate will only be that much more difficult to turn
this company around with limited time and capital commitments.
I think that these guys are great and have tremendous potential but I do believe that they
really need the support of a specific type of investor such as a Luis Vuitton as opposed to
myself who is only prepared to inject limited capital and time at this juncture.
Let's see what I can do with LVMH and maybe if they "bite," we could co-invest along side
them in some limited way.
I will call you as soon as I hear back from them shortly.
Thanks
Philip
EFTA00580882