BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
BoF talks to young American designer Peter Som to understand the secret to his remarkable success on content sharing service Pinterest.
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
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
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…