Catering to Billionaires: Hedge Fund Cash Fuels Greenwich Retail Boom

No cover image


This wealthy New York City suburb of 62,000 where hedge funds reign is becoming a mecca of fashion retailing. With the average price of a single-family home at $2.3 million, Greenwich has long attracted upscale retailers with its understated affluence.

From This Issue

Texworld USA moved to the Jacob K. Javits Convention Center.


Foreign Mills Lure U.S. Buyers Despite Weak Dollar

Foreign mills exhibiting at trade shows here last week saw heavy foot traffic from brands and retailers, buoying their confidence even as poor exchange rates and increasing competition continue to put the pinch on profit margins.

clock July 24, 2007Ross Tucker and Court Williams

The interior of Rene Ruiz's store.

Fashion Features

Miami’s Vice: Customized Clothing

The city’s social set has caught the fever for custom apparel.

clock July 24, 2007Rebecca Kleinman

Fashion Features

Monaco Show Explores Cassini’s Courting of Kelly

Oleg Cassini has long been linked to Grace Kelly, and now that connection has been documented in “The Grace Kelly Years,” a new exhibition at Monaco’s Grimaldi Forum.

clock July 24, 2007Rosemary Feitelberg

Fashion Features

Market Basket: The White Stuff…

BFF Bridal’s new guide due out in September will not be laden with such superlatives as the “Best Wedding Planner” or “Best Florist.”

clock July 24, 2007Rosemary Feitelberg

Rayon from Rafael Catala.

Fashion Features

The Real Deal

Reality bites.

clock July 24, 2007WWD Staff


Wal-Mart Cuts B-t-s Prices

Wal-Mart on Monday launched a new ad campaign touting reduced prices on 16,000 items.

clock July 24, 2007Sharon Edelson

Thom Browne

Fashion Features

Thom Browne Doing Capsule Women’s Collection

Since launching his label in 2001, Thom Browne has been quietly custom-making pieces for women from his Meatpacking District atelier here.

clock July 24, 2007Marc Karimzadeh

Fashion Features

In Brief: Barney’s Update… Back at the Table… LJ Warned…

Due diligence is said to be under way for a possible official bid from Japan’s Fast Retailing Co. Ltd. for Barneys New York.

clock July 24, 2007WWD Staff

Diane von Furstenberg

Fashion Features

Von Furstenberg Returning To Europe for Boutique Boom

Very few American designers could characterize the opening of a string of boutiques in five European countries as a homecoming.

clock July 24, 2007Miles Socha

Ken Watanabe in the new Gap ads.

Fashion Features

Gap Goes Close-up for Fall

Gap is sticking to tradition to promote its casual classics.

clock July 24, 2007David Moin


Memo Pad: Jumping Ship… Staff Changes… Any Way To Help…

At least one Wall Street Journal veteran isn’t waiting around to see how the paper weathers the Rupert Murdoch storm.

clock July 24, 2007WWD Staff

Fashion Features

George Coming to Web, $200M in Sales Seen

George is stepping into cyberspace.

clock July 24, 2007Samantha Conti

The Pussy Deluxe scent.

Beauty Features

Beauty Beat: Maurer + Wirtz’s New Boudoir Scent… Symrise Adds Delville to Team…

Maurer + Wirtz’s return to the premium fragrance market could be the cat’s meow with the launch this month of Pussy Deluxe.

clock July 24, 2007WWD Staff


Costly Turn in Debt Financing

The leveraged buyout market may be losing steam.

clock July 24, 2007Vicki M. Young

Nachos Figueras and Cristina Cuomo

Fashion Scoops

Fashion Scoops: Hungry Horde… Versace Hits Taiwan…

The east end of New York’s Long Island got a taste of the Far East on Saturday night.

clock July 24, 2007WWD Staff

A view of Greenwich Avenue.


Catering to Billionaires: Hedge Fund Cash Fuels Greenwich Retail Boom

This wealthy New York City suburb of 62,000 where hedge funds reign is becoming a mecca of fashion retailing.

clock July 24, 2007Sharon Edelson

Fashion Features

Genesco President to Finish Line

Robert Dennis, president and chief operating officer of Genesco Inc., will become president of Finish Line Inc. upon the completion of its acquisition of Genesco.

clock July 24, 2007WWD Staff

A St. John look on the runway.

Fashion Features

St. John Taps Chilcott

St. John Knits said Monday that Rick Chilcott has been appointed executive vice president of retail, replacing Ralph Polese, who left the company.

clock July 24, 2007Marcy Medina

Fashion Features

White Adds Men’s Wear for Jan.

Fashion trade show White will expand its offer into men’s wear in January.

clock July 24, 2007Stephanie Epiro


EU Trade Chief Offers China Monitoring Plan

European Union Trade Commissioner Peter Mandelson has proposed that the lifting of quotas on 10 categories of Chinese textiles and apparel imports at the end of the year be followed by a bilateral monitoring mechanism.

clock July 24, 2007John Zarocostas

Fashion Features

FIG Market Buyers Focus on Multiseasons

Buyers stocked up on summer basics, early fall sportswear and trendy holiday party dresses at the Fashion Industry Gallery market last month.

clock July 24, 2007Rusty Williamson


Card Shakes Up Jones’ Sportswear Execs

Wesley R. Card, the new president and chief executive officer of Jones Apparel Group Inc., is shaking up management in the women’s sportswear divisions, which include Anne Klein, Jones New York and Nine West.

clock July 24, 2007Jennifer Barton


Today's Must Read


Assouline Reprint Offers Intimate Look at Azzedine Alaïa’s Process

clock 5hAndrew Nodell

Social Studies