Ex factor, Nigerian catwalks, Hong Kong real estate, Emerging retail, Greg Chait wins

Tory Burch and Chris Burch | Source: Vanity Fair

Tory Burch’s Ex Factor (Vanity Fair)
“In a brief eight years, Tory Burch has become one of fashion’s biggest names, the golden girl with the golden brand. Is it thanks to, or in spite of, her former husband Chris Burch, who has launched his own, Tory-esque line of shops, C. Wonder, while still sitting on her company’s board?”

Nigeria, on the Fashion Catwalk (IHT)
“The Nigerian people, upbeat and enthusiastic, seemed to relish the chance to watch shows rotating on the runway, or the opportunity to view an exhibition of bold purses. Woven, feathered and beaded by skillful fingers, these carefully crafted accessories gave a whole new meaning to ‘hand’ bag.”

Hong Kong Tops New York as Most Expensive Retail Location (Business Week)
“Hong Kong ended New York’s 11-year reign as the home of the world’s most expensive district for retailers as luxury-brand companies competed for space to sell goods to mainland Chinese tourists… Hong Kong overtook Fifth Avenue in Manhattan, while Paris’s Avenue des Champs-Elysees rose to third in a global ranking of 326 prime shopping locations published by the real estate broker today.”

NYC Luxury Retail Areas Emerging in Downtown, Brooklyn (Business Week)
“Luxury retail districts are emerging in New York’s financial district and Brooklyn as boutique hotels and new offices for companies such as Goldman Sachs Group Inc. draw shoppers… Manhattan’s Flatiron District, the World Trade Center and the financial district area near the New York by Gehry apartment building, as well as Bedford Avenue in Brooklyn’s Williamsburg are becoming new centers for luxury retailers.”

2012 CFDA/Vogue Fashion Fund Winner: Greg Chait of the Elder Statesman (The Cut)
“Strictly defined, the CFDA/Vogue Fashion Fund prize consists of money — $300,000 for the winner, $100,000 for runners-up — and “business mentoring.’ More loosely defined, it gives up-and-coming designers a ton of positive visibility… This year’s winner is Greg Chait of five-year-old L.A.-based label The Elder Statesman, and the runners-up are shoe designer Tabitha Simmons and Jennifer Meyer Maguire of the jewelry label Jennifer Meyer.”