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The Economy on Tap

Execs talk economy at cocktail event.

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Appeared In
Special Issue
WWD/DNR CEO Summit issue 11/11/2008

The economic crisis, which tops the agendas of politicians, business executives and consumers,  dominated conversation at the cocktail party to kick off this year’s WWD/DNR Apparel CEO Summit.

This story first appeared in the November 11, 2008 issue of WWD.  Subscribe Today.

The summit’s theme, “Leadership + Vision” seemed particularly relevant because of worldwide financial turmoil, and executives who gathered at the St. Regis Hotel here took the opportunity to exchange notes.

“I think this is where people come together and brainstorm with each other, and just inspire one another,” said Josie Natori chief executive officer of Natori Co.

“It’s a very interesting time,” said Luigi Caroggio, ceo of Max Mara U.S.A. “I’d love to hear what the ceo’s have to say.”

During cocktails, Net-a-Porter.com founder Natalie Massenet talked with Marvin Traub; Prada USA president and ceo Graziano de Boni chatted with Akris ceo Caroline Brown, and Natori caught up with Bloomingdale’s chairman and ceo Michael Gould.

Also among those attending were: Alber Elbaz; Barneys New York’s senior vice president and fashion director Julie Gilhart; Zac Posen chairman Susan Posen; Schifter + Partners chairman and ceo Tim Schifter, and Elie Tahari Collection’s ceo Susan Kellogg.

Luca Luca president Yildiz Blackstone hoped she would “hear their ideas of coping with the economic climate, and if I hear good ideas, I will be happy to share them with my team.”

David Cooper, co-founder of New Zealand’s Silkbody firm, said: “I am sure they will be talking about the economy, and hopefully how they will see beyond it for themselves. The opportunity in all this will surely be a part of the conversation, and how to move beyond the current situation.”

The discussions weren’t limited to the cocktails session. Executives continued their conversations — even on the elevator ride to the ballroom. Case in point, Neiman Marcus Inc.’s Burt Tansky and Saks Inc.’s Stephen I. Sadove chatted up a storm during the minute-long ride. “What is this, are you merging?,” quipped Collective Brands’ Matthew Rubel. “Yes, we are,” joked Tansky.

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