Opening Ceremony

The on-again/off-again love affair between private equity and fashion seems to be heating up again, what with Blackstone taking a minority stake in Versace, Permira courting Cavalli, and, as of today, a new swain in town making its move on Opening Ceremony. According to WWD, Front Row partners, which was launched earlier this year by Glen Senk, ex-CEO of David Yurman and Anthropologie in conjunction with Berkshire Partners (who threw in $350million) to target “innovative, high-growth retail and consumer businesses”, has taken a minority stake in the hip downtown retailer. The amount was not disclosed, but still: Can you hear the heavy breathing? Anyway, it seems to me this marks the resurgence of the relationship, which has been abandoned in recent years as luxury brands from Prada to Ferragamo, Michael Kors, and Brunello Cucinelli turned to IPOs instead of PE. So what changed? Read more

And so it has finally come to pass: a tech company has partnered with a design name to create a wearable product. Hallelujah. Took ‘em long enough. The pioneering duo is Intel and Opening Ceremony, aka the designers Humberto Leon and Carol Lim (left, with Justin Beiber), who own trend-setting stores by the same name and are also the designers behind Kenzo, the LVMH-owned brand that is moving into the contemporary space, and had its first show at New York Fashion Week last season. They will work together to create a “smart bracelet” (new word alert!), which will be sold exclusively at Barney’s NY – or so they announced at CES. When exactly it will be sold, and what it will look like, as well as what it will do and how much it will cost, is unclear, but hey: it’s a start. According to one insider, it will be effectively a bracelet that has communication functions. Beam me up, Scottie! Read more

Forget “who to watch,” or “what shows to watch” – when it comes to New York Fashion Week, “what to watch” is far more exciting. And by what to watch”, I do not mean what digital video channel, though they are unquestionably proliferating, but rather what issues will be revealed during the next round of shows, which start – ahem – tomorrow. I guess a more colloquial way of putting it would be “what to watch for”. And when it comes to “what to watch for”, I have four main areas of focus. Read more