LOS ANGELES — Even as Silicon Valley and New York overshadow it with billion-dollar exit sales and whiz-kid technology executives, Los Angeles is coming into its own as a hub for digital start-ups, especially in the fashion, entertainment and media sectors that are the city’s traditional strengths.
Like all start-up communities, L.A. is hit with bipolar surges of hype and substance, but it seems to be in a substance cycle now in which many companies, e-commerce ones in particular, are trying to prove themselves to be long-term performers. The uncertainty hanging over the city’s digital sector is whether it can deliver the results that will put it on the map as a unique, lucrative technology capital and not merely a Southwest ticket away from Silicon Valley.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)