It Pays to Have Friends
DKI signed a license with a company named Marchpole, which had gone bankrupt for several reasons that had nothing to do with the business in which we were involved. We had granted them a global license for menswear, working with the CEO, Michael Morris. After about a year we started to sense that there were problems, but I didn’t know how severe the problems were until I got a call that the company was going to declare bankruptcy.
Over the course of this period I had become very fond of Michael. He was smart, adventurous, ...