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It’s a familiar conversation. When asked how they know their model works, a nonprofit or foundation will tell you a story. They’ll say that seventeen-year-old Darren turned his life around after going through their program, and eighteen-year-old...

Eli Broad, a billionaire who has been a dominant figure in this city’s cultural, philanthropic, business and political world for almost 50 years, announced on Thursday that he is stepping down from public life, saying that it was “time to move on.”

Marco Bizzarri announced the label's new policy during a talk at the London College of Fashion.