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Saturday, February 25, 2006
The Sale Of Jil Sander - Part II
Change Capital Partners ,the company that recently bought Jil Sander, must really have some big balls.
Not only are they going to try and revive a house that has been treading water ( more like rapids) for the last 4 or 5 years but they are going to do it with a designer ,Raf Simons, who has only one women's collection under his belt.
This past Friday, Change Capital Partners announced dramatic growth and expansion plans with an eye to selling off the company in 3-5 years. What Balls! Just think about the pressure on Raf to immediately come up with an exciting, buzzbuilding vision for his women's work. I'm sure the women's RTW is more than half of the overall Sander RTW business, I would guess at least 70% (I will have to find the exact number), Raf has to hit the ground running.
Raf had to know of the upcoming sale but do you think he wanted the plans to flip the company to be so openly announced? If the horizon to sell is 3 years, then Raf has ,maybe, 3 more seasons because at the half way point ,if the results are not on track, don't you think the investors ( who have no other high-end fashion businesses) will start getting a little nervous. Will they start shopping for another new designer and start all over again?
I would love to be in those meetings a year and a half from now, when Raf is seriously trying to explain to the investors ,in a language they understand (numbers), why it hasn't happened yet. (if it hasn't)
Design wise, Raf really only has two extreme ways to go to make a dramatic statement. He can either play it safe, hoping the long suffering Jil customers rally around the brand (which they have been asked to do a lot lately) or go very high-concept in design in hopes of attracting new heat to the brand. With so much pressure to make Jil work, what will this do to his own signature collection which is the best work he does?
Again, Change Capital says they have no interest in bringing back Jil, but doesn't everyone want to bring back Jil?
So what do you think? Will this fourth revival be the new Golden Age for the Jil Sander company or will it just fade into oblivion?
Not only are they going to try and revive a house that has been treading water ( more like rapids) for the last 4 or 5 years but they are going to do it with a designer ,Raf Simons, who has only one women's collection under his belt.
This past Friday, Change Capital Partners announced dramatic growth and expansion plans with an eye to selling off the company in 3-5 years. What Balls! Just think about the pressure on Raf to immediately come up with an exciting, buzzbuilding vision for his women's work. I'm sure the women's RTW is more than half of the overall Sander RTW business, I would guess at least 70% (I will have to find the exact number), Raf has to hit the ground running.
Raf had to know of the upcoming sale but do you think he wanted the plans to flip the company to be so openly announced? If the horizon to sell is 3 years, then Raf has ,maybe, 3 more seasons because at the half way point ,if the results are not on track, don't you think the investors ( who have no other high-end fashion businesses) will start getting a little nervous. Will they start shopping for another new designer and start all over again?
I would love to be in those meetings a year and a half from now, when Raf is seriously trying to explain to the investors ,in a language they understand (numbers), why it hasn't happened yet. (if it hasn't)
Design wise, Raf really only has two extreme ways to go to make a dramatic statement. He can either play it safe, hoping the long suffering Jil customers rally around the brand (which they have been asked to do a lot lately) or go very high-concept in design in hopes of attracting new heat to the brand. With so much pressure to make Jil work, what will this do to his own signature collection which is the best work he does?
Again, Change Capital says they have no interest in bringing back Jil, but doesn't everyone want to bring back Jil?
So what do you think? Will this fourth revival be the new Golden Age for the Jil Sander company or will it just fade into oblivion?
Friday, February 24, 2006
A Curmudgeon’s Lament

A Curmudgeon’s Lament, or
Musings of an Old Ivy Leaguer
By
G. Bruce Boyer
When I was growing up back in the late 1950s, the matter of dress for young men was relatively simple. When a boy reached adolescence he would put away much of his childhood wardrobe -- whatever that might have been -- and begin to wear a basic outfit that would see him through the college years and beyond. It was a time before the designer revolution in menswear, before the Ralph Laurens and Versaces, the Armanis and Paul Smiths, the Dolces and the Gabannas. A simpler time.
It was a time when there were basically three types of clothing stores. There was of course the traditional store for the traditional American business look: conservatively cut suits, safe shirts (the majority of which were white, with one or two collar styles), and discreet foulard or striped neckwear. Then there was the somewhat “sharper” store, a more courant version of the trad store, more upscale, hipper, more for the man who was known for caring about style. In the late ‘50s this store took on a bit of European flair. The clothing was called “Continental”, meaning Italian, to distinguish it from British. There had been a tradition of British clothing here, but the Italian thing was new.
Finally there was the Ivy League shop.
Called "Ivy League" or “campus” shop because the style had originated, evolved, and took it's strength from the prestigious Eastern Establishment universities. After World War II young men of growing middle class means attended these institutions of higher learning in droves on the G.I. Bill of economic assistance. What they found was that they could construct a basic campus wardrobe without a great deal of money and effort. There was high serviceability and low maintenance to the college wardrobe of the day.
The basic items were the oxford cloth buttondown shirt and cotton twill khaki trousers. Six shirts, three white and three blue, and two or three pair of khakis would do the job. In cooler weather, a Shetland crewneck sweater in any color was added. A pair of brown penny loafers and white tennis sneakers (possibly a pair of white or tan buckskin oxfords) constituted the acceptable range of footwear.
For outerwear, a cotton gabardine balmacaan raincoat (always tan), and a stout duffel coat (in tan or navy) were all that were needed, although many men also had a cotton gab golf jacket, also in tan. Mountain climbing parkas, safari jackets, trout fishing coats, barn coats, and equestrian slickers were all thought of as exotic sportswear.
Everyone had a tweed sports jacket (Harris or Shetland) and/or a navy single-breasted blazer for semi-dress, and a gray flannel suit for dress. Summer semi-formality was assured with a seersucker or tan poplin suit; some had madras sports jackets; for the more formal occasions a dark Grey or navy tropical worsted suit. A half-dozen ties (regimentals, foulards, or dots), and the necessary complement of underwear, socks, pajamas, and handkerchiefs filled out the basics.
Cut, fit, and quality were what was important. If it was all properly fitted, of the acceptable cut, and made well, these items would do a young man proud, no matter where he was going, or what the occasion, from a faculty tea to a classy dance.
And it wasn’t a matter of being simply less sophisticated either. There were intricacies of cut and quality to these basic garments that belied their straight-forwardness. Good jackets, for example, were always three-button and natural-shouldered, softly constructed in the chest and cut on the easy side. Lapels extended about a third of the way to the shoulder line, and aficionados were quick to note the hook vent in the rear. Trousers were also cut easy, just this side of baggy. Everything, needless to say, shouldn't look too new. Quality used to imply longevity in those days. Raincoats, khakis, shoes, and tweeds were all expected to be slightly scuffed and rumpled. A soft patina of age was desirable, and total effect should be rather a studied nonchalance. An old money sprezzatura was the style.
Those dozen garments or so weren't the be-all and end-all, of course. There were myriad other attractions for the dandies amongst us. Silk knit ties (plain black or navy was best, with square-cut ends) and paisley pocket squares, odd flannel trousers, broadcloth tab-collar shirts, cordovan brogues and scotchgrain wingtips, navy worsted pinstripes with vests, white duck trousers for summer, and lambswool turtlenecks for winter. The sophisticated young man may have splurged for a camelhair polo coat. Everyone seemed to have colorfully striped surcingle belts with brass horseshoe-shaped buckles. And the brightest Argyle socks.
For most, the subtleties of double-breasted jackets and grenadine neckwear, of suede town shoes, enameled cuff links, covert cloth chesterfields, and cashmere cabled hosiery were not imaginable. But then neither were exterior logos, Italian designers, or microfibers.
There also didn’t seem to be the questions of what to wear when. We certainly knew when the occasion called for a tie, and gym clothes were confined to the gym.
It was, as I say, a simpler time.
Cathy Horyn's NYT Milan Reviews - I Know She Didn't Just Say That!!
I'm reading Cathy's NYT Milan reviews today covering Burberry and Gucci- of everything she wrote (most of it seems pretty reasonable) the one line that stood out above all the rest was -
"the first models came out in silk print minidresses, Jim Gold, the chief executive of Bergdorf Goodman, turned and shouted, "We're selling Gucci ready-to-wear better than we ever did under Tom Ford"".
Oh no she didn't !!!
She's calling out Jim Gold!
At first, I thought it was just Cathy being Cathy (like Manny being Manny, did I stump you again?)
Maybe Cathy was just overstating for emphasis or dramatic effect but today I spoke to a few people who would have a good take on the situation and they seemed to think it wasn't so far fetched.
The question now is - Is Cathy a Hollaback Girl?
"the first models came out in silk print minidresses, Jim Gold, the chief executive of Bergdorf Goodman, turned and shouted, "We're selling Gucci ready-to-wear better than we ever did under Tom Ford"".
Oh no she didn't !!!
She's calling out Jim Gold!
At first, I thought it was just Cathy being Cathy (like Manny being Manny, did I stump you again?)
Maybe Cathy was just overstating for emphasis or dramatic effect but today I spoke to a few people who would have a good take on the situation and they seemed to think it wasn't so far fetched.
The question now is - Is Cathy a Hollaback Girl?
The Fulton Street Fish Market
I use to love shooting early on summer mornings at the Fulton Street Fish Market. There was never an end to the characters that were in and out of that place; salty old-timers, young studs, guys on parole, a toothless old-lady that sold newspapers from a shopping cart - you name it, they were all there. Somehow giant dead fish just couldn't compete with the fish mongers for visual interest. When I first saw this kid (above) he was sitting just exactly as you see him in the photo. The guys that worked at the market were so use to photographers that they never paid attention to them anymore. Now that the fish market has moved to the Bronx to a state-of-the-art temperature control covered space it just doesn't hold the same gritty appeal as the old spot downtown.
Labels: Scenes of New York






