Merideth tall invests in a fashion designer, bringing her into a world of great clothes, great parties―and potentially great losses. But Tall, founder and president of Clipper Navigation, which runs high-speed ferries between Seattle and Victoria, B.C., seems to be one of the lucky ones. In 2000 she plunked a sizable (though undisclosed) sum into a Seattle-based handbag firm, Accessory Design Holdings. She's making a killing on the handbags, she says. Accessory Design's luxury purse brands, Isabella Fiore and Talbery, are hot items. Although Tail's minority investment isn't liquid (she's one of 55 investors), she is having a blast. Her five children get a kick out of the bags' celebrity cachet. "It's something they can really get excited about when they open People magazine and see those bags being carried by all the stars," says Tall, now ADH's chairman.
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