Sandy’s price tag, SPFW kicks off, Being Jack Dorsey, The Fancy’s $26m round, Chinese talent

Saks Fifth Avenue New York | Source: Observer

Awaiting the Storm’s Price Tag (NY Times)
“Even as businesses struggled on Monday to gauge and contain the damage from Hurricane Sandy’s slow move up the East Coast, economists played down the likely long-term effects. The recovery after the storm, they said, could actually pump up growth temporarily in a few sectors, like construction and retail sales, when cleanup begins in earnest in a few days.”

Simplicity and Order for All (WSJ Magazine)
“At 35, Dorsey has already masterminded not one but two of today’s most fascinating, most disruptive technology brands. In 2006, he created Twitter, which has since evolved from a social-media hangout into a major platform for breaking news. In 2009, he founded Square, a mobile app that lets anyone accept credit card transactions using a smartphone or tablet.”

Sao Paulo kicks off winter Fashion Week (AFP)
“Sao Paulo Fashion Week (SPFW), the top such event in Latin America, kicked off Monday to showcase joyful and colorful designs of its 2013 winter collection. Unlike in previous years when it was held in the cavernous Biennal pavilion of the city’s Ibirapuera Park, the show featuring 20 Brazilian designers is being held at a new venue: the Villa Lobos Park.”

Shopping Site The Fancy Sells a $26 Million Round (All Things Digital)
“Remember when Apple was supposedly going to buy in The Fancy? Here’s what really happened: The social shopping site raised a $26 million round. That follows a $10 million round it raised from French fashion conglomerate PPR a year ago. The Fancy and its parent company Thing Daemon have now raised $42 million to date.”

Five Chinese fashion designers to watch (Guardian)
“China is one of the fastest growing markets for western style brands, but what about the homegrown labels? Here are five that are poised to go global.”