Bank of America said today it has committed an additional $20 million in funding for the Tory Burch Foundation Capital Program to connect more women entrepreneurs to affordable loans, administered by community-development financial institutions.Since the program launched in 2014, more than $30 million in capital has been deployed to more than 1,400 women entrepreneurs, bringing the total capital program commitment to $50 million.“Our work with the Tory Burch Foundation Capital Program represents one way we are able to deploy capital in support of sustainable economic growth in our local communities,” said Anne Finucane, vice chairman, Bank of America. “The program elevates economic and social progress for women entrepreneurs and helps to grow small businesses in communities across the U.S.”The Tory Burch Foundation Capital Program, supported by Bank of America, seeks to increase the number and size of businesses owned and led by women, creating communities of women entrepreneurs and advancing economic growth across the U.S.“Access to capital is one of the biggest obstacles women entrepreneurs face today. Just $1 in $23 in loans goes to women-owned businesses, and that needs to change,” said Tory Burch, founder of the Tory Burch Foundation, who is also chief executive officer and chief creative officer of Tory Burch LLC. She said the capital program with Bank of America is helping to level the playing field and she is excited about the bank’s increased commitment of capital.The capital program currently operates in 16 U.S. states.One of the capital program’s success stories is that of entrepreneur and dance instructor Toni Ricci, who opened her Elite Dance and Performing Arts Center in Woodland Hills, Calif. Ricci needed working capital to grow her business, but with a low credit score and no savings, she couldn’t get a loan from traditional sources. A Tory Burch Foundation Capital Program loan was game-changing. “We started with 60 students; now, we have nearly 400 students and offer more than 100 weekly classes. We also train 15 competitive teams that travel across the country,” said Ricci, whose company now has 20 employees.Today, Bank of America is hosting a thought leadership event, “Women Driving Economic and Social Progress” at The Getty Center in Los Angeles. Featured speakers include Burch, Finucane and Maria Shriver, journalist and author.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)