Fashion held its own in terms of women’s entrepreneurship, according to a new study by the Center for an Urban Future.In the decade from 2002 to 2012, the number of women-owned businesses increased by 65 percent or 45 new ones each day, adding more than 56,000 jobs and $3 billion in payroll to the city’s economy. As of 2012, there were 413,899 women-owned firms in New York City, compared with 305,198 five years earlier. Today, women-owned businesses make up more than 40 percent of private companies in the city, up from 33 percent five years ago and 32 percent a decade ago, according to CUF's "Breaking Through: Harnessing the Economic Potential of Women’s Entrepreneurs."The report repeatedly underscores the influence of women in business. Compared with other major U.S. cities, New York, by far, has more women-owned businesses and more than double second-placed Los Angeles with 192,358. The ranks of women entrepreneurs here are growing slower and delivering less economic impact than sister businesses in other cities.According to the report, women created 102 of the 130 start-ups fostered by the Design Entrepreneurs NYC accelerator program since 2012. In addition, women started the majority of the 10 companies in CFDA Incubator’s 2014-16 class. At the New York Fashion Tech Lab, at least half the companies were started by women such as Smartzer’s chief executive officer Karoline Gross. Sixty-nine percent of companies participating in the Pratt Design Incubator for Sustainable Innovation have a female founder. (To date, the Incubator has helped launch more than 30 new companies in fashion and product design, social entrepreneurship and other areas.)Sarah LaFleur of the online store MM.LaFleur; Rachel Shechtman of the West Chelsea boutique Story; Jodie and Danielle Snyder of accessories label Dannijo, and Holly Dale Sherman of the foul-weather footwear company GoGoGolosh are among the female-run upstarts thriving in New York. BaubleBar and Birchbox are also referenced in the report.Kathryn Minshew, cofounder of The Muse, an online career advice company with 75 full-time staffers, describes in the report how after starting her company in New York in 2011 she temporarily relocated to the Bay Area after an investor urged her to do so. After an eight-month stint on the West Coast, she moved The Muse back to New York in the fall of 2012. Minshew says, “I felt New York had more of a community of women entrepreneurs helping each other, and more industry diversity, including areas where women held positions of power, like media and fashion. It’s a more support ecosystem for women entrepreneurs whereas the tech community in the Bay Area feels more homogeneous.”
For its next men’s wear collection, @roberto_cavalli will show as a special guest at #PittiUomo, running from June 12-15. The brand, which has Florence in its roots, will relaunch its men’s wear collection, which will be presented separately from women’s wear for the first time since Paul Surridge was appointed creative director in May. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech at the @sxsw conference for @createcultivate, the online platform and conference series for women. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.