Word: investers
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...that he was serious about turning around the brand. He met with vendors, publications and the Council of Fashion Designers of America (CFDA) asking for advice and partnerships. He recently started a new company called Creative Design Studios that will own all of Lord & Taylor's proprietary brands and invest heavily in up-and-coming American designers, like Cynthia Steffe, regardless of whether they sell to his store. He has become a major underwriter of the CFDA Vogue Fashion Fund, which mentors and financially assists young talent. Seventy new vendors, who had not shipped to Lord & Taylor in the past...
CONSPICUOUS CONSUMPTION Chinese consumers who buy luxury goods do so to show off or to help define their identity. The Asian concept of face?or pride and dignity?is a key reason they invest in expensive brands. In a fast-growing economy, status symbols are the easiest way to demonstrate wealth and power...
Anyone looking to invest in a fabulous new watch this fall would be hard pressed to avoid the deluge of rose-gold styles hitting stores. Like most trends, rose gold's ubiquity happened suddenly and without apparent reason. Historically, the pinkish gold has played second fiddle to more popular classic yellow and white golds. But when the world's finest watchmakers unveiled their new collections earlier this year, it became evident that it was time for a color change. Breitling, Zenith, Cartier and Patek Philippe have all introduced chic new timepieces in the rosy hue, usually paired with chocolate-brown...
...know how to describe their experiences over the past two years. It’s “become difficult [to] emotionally to invest yourself in a place,” Slattery explains. “Because we were taken away from New Orleans, had to leave Harvard, it becomes difficult to settle down and get used to a place and put yourself into something,” he says. “Living here, you’re always worried, come this August or September maybe something else will come...
...coffers seem to be overflowing this year, as the endowment approaches $35 billion, a new bill proposed by Rep. Sander Levin, D-Mich., may allow the cache to accumulate even faster. The bill would allow tax-exempt organizations—a category that includes university endowments—to invest directly in U.S. hedge funds while retaining their freedom from Internal Revenue Service dues on leveraged investments. “[Universities] are currently taxed as though they are leveraging, when it’s actually the hedge fund’s strategy,” said Kevin Casey, Harvard?...