Derek Lam doesn’t need a lesson on the pace of New York City commercial real estate.
In the last 18 months, the designer has vacated his sprawling SoHo offices and splashy retail space — a combined 18,000 square feet at 10-12 Crosby Street — closing the ground-floor store in February 2013 and moving operations to the more affordable, if less fashionable, Murray Hill neighborhood in December. Uprooting the headquarters and shuttering shop was an obvious cost-saving measure. When Lam moved into the 10 Crosby address in 2009, it played as a land-grab and assertion of power that were clearly meant to have some level of permanence: The designer named his contemporary collection, which was launched in 2011, Derek Lam 10 Crosby.
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)