NEW YORK — Many budding designers wonder if they have what it takes to make it in the fashion industry and now there is a city-funded crash course to put them to the test.
The New York City Economic Development Corporation and the Fashion Institute of Technology are launching Design Entrepreneurs NYC, a free, intensive, “mini-MBA” program to teach designers the necessary skills to run a fashion label. The initiative is one of six set forth by Mayor Michael Bloomberg’s Fashion NYC 2020 plan, which is designed to bolster the $55 billion fashion industry.
Up to 35 individuals will be accepted to the new program and each must have a New York City-based business that has been open for at least a year. Interested designers have until March 31 to submit applications. Once accepted, Design Entrepreneurs NYC participants will have free access to a number of FIT programs, including workshops, personal tours of The Museum at FIT, and lectures by iconic fashion figures.
Following the June 1 orientation, participants will attend classes for three consecutive weekends. From June through September, participants will fine-tune their business plans with input from instructors, before presenting their strategies to a panel of industry leaders. FIT was selected to manage and execute the program through an RFP last issued in May 2011. NYCEDC is investing $60,000 in the program. G-III Apparel Group’s president Jeanette Nostra will act as FIT’s industry liaison, and will serve as a mentor to the students, reviewing curriculum, bringing in guest speakers and hosting program events.
NYCEDC officials often note how New York City’s fashion industry employs 165,000 people, accounts for 5.5 percent of the city’s workforce and generates nearly $2 billion in tax revenue annually. In addition, more than 500,000 visitors come to the city each year to check out fashion-related trade shows, showrooms and stores. The Fashion NYC 2020 initiatives are meant to further the city’s position as a hub of innovation for emerging designers and retail, and to attract the next generation of design, management and merchant talent. The industry chairs for Fashion NYC 2020 are Richard Darling, chief executive officer of LF USA; Diane von Furstenberg; Terry Lundgren, chairman, president and ceo of Macy’s Inc.; Andrew Rosen, ceo of Theory, and Kevin Ryan, ceo of Gilt Groupe.
In other FIT-related news, the winner of the first Gilt.com/CFDA All-Star Scholarship is Kieran Dallison, a FIT senior. Both groups will help her develop a women’s collection that will be sold exclusively on Gilt.com in June.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)