The New York City Economic Development Corp. and Paris&Co, the economic development agency of Paris, on Wednesday said they have created the NYC-Paris Business Exchange, providing New York-based start-ups with access to business opportunities in Paris and helping Paris-based companies expand their footprints in New York.The program will help fashion, tech, arts, design, tourism, food and beverage, and sustainability companies overcome barriers that inhibit entry to foreign markets and builds upon both cities’ shared commitment to global entrepreneurship and innovation, the groups said.The NYC-Paris Business Exchange was conceived last year during discussions between New York Mayor Bill de Blasio and Paris Mayor Anne Hidalgo to further support job creation, innovation and economic opportunity by building on the international standing and bilateral partnership between both cities."In today’s interconnected world, innovation transcends boundaries and cultures," said Alicia Glen, New York's deputy mayor for Housing and Economic Development.Glen said the Business Exchange means New York will host the most cutting-edge companies from Paris and give them a taste of the city, while ensuring that New York’s emerging entrepreneurs are tapping into global markets and creating long-term business relationships.“More than ever before, emerging businesses are thinking about how to operate across multiple countries as a means to grow their companies and tap into international talent and consumers,” said NYCEDC president Maria Torres-Springer. “The NYC-Paris Business Exchange will help start-ups unlock international business opportunities, providing a launching pad for New York City companies to expand abroad and for international companies to grow and create jobs in New York City.”Jean-François Galloüin, chief executive officer of Paris&Co, said, “This unprecedented partnership between two large cities that are committed to developing innovative projects on their territory will further strengthen the links that unite Paris and New York and to foster economic exchanges between them.”Companies participating in the NYC-Paris Business Exchange must demonstrate strong potential for international expansion, a proven track record of success in their local market and a well-defined business plan. Up to 10 companies from each city will be awarded six months of free office space in the partner city, as well as access to networking, potential investors and mentors. Selection will be based on a determination of which companies would benefit most from international expansion and the prospect for the businesses to sustain an expansion in the longer term.NYCEDC is partnering with NY Media Center by IFP to provide office space for the chosen companies, and with La French Tech NYC to provide mentorship and support during their tenure. La French Tech NYC, an umbrella group launched in June that includes the French Embassy to the U.S., the Consulate General of France in New York City, the French economic development agency Business France, and the French American Chamber of Commerce, aims to give more visibility to New York-based French start-ups and help other French tech companies grow in New York. Air France, the Official Airline for the program, will provide round-trip airfare for the chosen companies.Applications are due on Nov. 30. A Web site, nycparisstartups.com, has been set up as an information source. Winners of the exchange competition will be announced in fall 2015.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews