Madison Reed founder Amy Errett doesn’t care if it sounds hippie-dippy, her business philosophy is based on love. “I’m a little bit California and we are pretty spiritual out here,” she says, before explaining that encouragement and trust rather than fear guide her leadership style. That style has served her well. As she’s helped others, so have others helped her. Among the investors who have poured $16 million into the online hair-color company is Maveron, the venture firm cofounded by Howard Schultz. (Errett ran its Bay Area office for nearly five years.) As an openly gay woman entrenched in venture circles, just about every female- and gay-related startup has come across Errett’s desk, not that she minds. “People need to be who they are, be comfortable in their own skin and pay it forward. That is the sweet spot,” she says. Well, that and a good dye job. Errett believes the model she has created for Madison Reed will make buying hair color on the Web as common a practice as online stock trading became thanks to eTrade, where she served as chief asset-gathering officer. “The days of thinking people don’t do these things online are over,” she says.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)