The Fashion Trail | BoF Breakfast Club

BoF Breakfast Club at Norwood Club | Photo: Drew Innis

NEW YORK, United States — When I first met Rachel Shechtman at a Harvard Business School luxury goods conference back in 2007, we quickly learned that we had much in common. Since then, we have made a point of meeting for breakfast to catch-up and discuss the state of the industry whenever work brings me to New York City. It got us to thinking. With the non-stop madness of the fashion business, many of us don’t make the time

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Consumer spending, Som cancels, Small companies fight for lives, Department stores’ decline, Goodbye e-Luxury

Photo courtesy of the Wall Street Journal

What Will Get You Spending Again? (WSJ) With deep clothing discounts in December, consumers  are re-examining the value of apparel purchases. No Peter Som show at Fashion Week (Fashionista.com) Due to a break up with his backer, Peter Som is the latest designer to cancel his upcoming show during New York Fashion Week. On Front Lines of Debt Crisis, Luggage Maker Fights for Life (WSJ) Small luggage company J.W. Hulme “borrowed

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NexCen | Meltdown and mystery

NEW YORK, United States - In recent days, NexCen has experienced a meltdown unlike anything the fashion world has seen, leaving Bill Blass,  its star brand, in play as vulture investors circle to assess what value remains. NexCen's failure to disclose a $30m debt that must be paid back by October has sent its stock reeling and could very likely result in the company going bankrupt. Its CEO Robert D'Loren's job is at stake and the company's investors and other stakeholders are furious. The dramatic turn of events underlines the fact that even culturally important brands like Bill Blass can suffer collateral damage in the new era that has brought fashion and finance together. In February, Lauren Goldstein Crowe investigated…

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NRDC spree, Giles style and Levi’s liftoff

The man who wants to fix retail (Fortune) Fortune magazine profiles NRDC's Richard Baker who is on a retail and fashion acquisition spree having bought Lord & Taylor, Fortunoff, and Peter Som and is said to have his eyes on Saks. Giles Style (Scottish Daily Record) Giles Deacon talks to a Scottish paper about the fashion designer of the 21st century -- one who has his feet on the ground and is passionate about gardening and reading. Levi's turns a corner (International Herald Tribune) Armin Broger , President of Levi Straus Europe, is successfully turning around the Levi's business by refocusing its collections and using cities like Antwerp as fashion business laboratories. Peter Som A/W 2008 photo courtesy of Coutorture.

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New York Fashion Week | Furry optimism at Oscar, Peter Som and Proenza Schouler

The day before Super Tuesday in the American primary elections might be called Mega Monday at New York Fashion Week, with established heavyweights like Oscar de la Renta showing alongside the city's new establishment of Proenza Schouler and Peter Som. Young or old, a newfound fancy for fur (and its premium pricepoints) was a common thread, even in these recessionary times. But, Oscar is no old-fogey. His collection came out to the sweet sounds of Regina Spektor, the young hip pianist. During the show, I had the good fortune to be seated next to the company’s CEO, Alex Bolen, who also happens to be Oscar’s son-in-law. It was a great opportunity to have a pre-show chat. Before I could even…

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New York Fashion Week: A banner day for Peter and Phillip

In the heart of New York's garment district in the same building on 39th Street, two of the city's most exciting young talents have been busy putting together the collections that they unveiled on Sunday. And, what a great showing for both Peter Som and Phillip Lim, who both delivered what their many fans were expecting...and more. Peter, of course, has just sold a significant stake of his business to retail private equity house NRDC and has been confirmed as creative director of his alma mater house Bill Blass. This was his finest collection yet and one of the strongest of the entire New York collections, having perfected that fine balance for his clients who move fluidly from uptown socialite…

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Peter Som: Rolling with NRDC?

The early stage fashion investment deals keep on rolling in. A day after the announcement from Matthew Williamson, The Wall Street Journal is reporting today that Peter Som is close to finalising a deal with NRDC Equity Partners, further confirming a report from WWD back in February. NRDC is the firm behind the investment and turnaround of Lord & Taylor, the American department store. It's an unconventional choice for Som whose savvy business partner, Elana Posner, has been driving the fund raising search for Som for over a year now. While other designers have been taking investments from upstream strategic investors (Sophia Kokosalaki and Staff International, Proenza Schouler and Valentino), this is the first deal in some years that comes…

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