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Interview | Decayenne

Posted by fashionentrepreneurreport On Saturday, November 29, 2008 0 comments


Holiday parties are a given, but it is actually social networking that will get fashion professionals through the season this year.  Nolcha spoke to Alexander Eissing, Development Director of Decayenne about why the fashionable elite are on-line. 
Nolcha:  What was to original concept behind Decayenne as an exclusive networking site? 
Alexander Eissing:  Decayenne was established in 2001 as a way for a group of close friends who travelled a lot to stay in touch and coordinate activities. This core concept has not fundamentally changed over the years but has instead developed by allowing friends to invite further friends, seizing the opportunity to meet and interact with more like-minded individuals. Decayenne is a home for people who enjoy growing through interaction with their peers, sharing culture, business, and entertainment in the right environments. 
N:  Why do you feel "invitation only" networking works for your members? 
AE:  "Invitation only" is merely a way to prevent an over population; we wish to keep the trustworthy environment of our close-knit community and believe that with too much quantity it is difficult to maintain this quality. With a limited number of invitations members are more considerate and selective regarding the decision of who to invite. At Decayenne members are responsible for their actions and vouch for the people they bring into the network, which helps to maintain a self regulating system. 
N:  How do you promote the Fashion Industry through your business? Do you have a lot of fashion business members? 
AE:  About 10% of our members work in the fashion industry, they use the Decayenne forums, our market section and organize themselves in groups for online discussions and business. The most important characteristic of Decayenne is bringing members together to real world events, such as to the New York Nolcha Fashion Week, where our members have the opportunity to meet and converse in person. Fashion is something that is relevant to all our members; many are important customers and trendsetters in the market who are aware of good taste and style. 
N:  During a holiday season, where most business decisions are put off until the next year, why do you feel it is important for people to network and stay connected? 
AE:  We do not necessarily see networking as a discipline of business. On Decayenne networking is a way of living and consists of many different aspects which do not mainly have a commercial nature. In our network the logical progression of sociable and honest interactions between members often result in lasting business relationships. 
N:  Do you have any advice for members that are trying to navigate the site for business purposes? / What five key things do you think people should try to accomplish when joining a networking website. 
AE:  Behave just like you would in real life.  It’s not the best idea to run around the streets connecting randomly to strangers and hard selling your business. Decayenne members know that business is just another dimension of social interaction, just like friendship, things work differently in life as on networks. It is always advantageous if you are already well-connected and initially know some members in the community. We do not encourage connecting to members that you do not know directly unless there is a specific reason. However, it is very easy to meet and become acquainted with other members through special events or through the many tools and features on our website. Developing a good network and finding the right people is dependent upon your level of activity inside the community - what you will get out of Decayenne is relative to your input. A well-defined and detailed profile will also allow other members to find and contact you. It is not difficult to make use of the many different potential opportunities waiting inside Decayenne.  
N:  What is the difference between Decayenne and FaceBook, MySpace etc. other than the obvious Invitation. 
AE:  Every network evolves out of the same human desire for communication but pursues different strategies and goals. We have a restrictive policy instead of opening the doors. We focus on our environment instead of diluting it. Every approach has its legitimacy and target group, we are not better, simply different. Our invitations are appointed to individuals who share our aspiration to grow through interaction with other members, exploring the world and enriching our environment with their knowledge, experiences and relations. At Decayenne we appreciate intellectual diversity and leadership; we encourage discussions and hold up humanistic values.

Interview | Intermix

Posted by fashionentrepreneurreport On Friday, November 28, 2008 0 comments


The multi-branded boutique has become a shopper’s paradise.  Where some time ago, consumers turned to department stores to purchase a wardrobe from top to toe, it is the smaller more personal boutiques that now captivate audiences. 
Intermix has emerged as a captor of talent and Nolcha spoke with new CFO Donald Choi about the new intermix.com global and the launching of e-business for new designers.  
Nolcha:  You have been involved with individual brands, as well as multi-branded businesses how does looking at money differ in terms of what is planned for? 
Donald Choi: It is important to for any designer to know its customers, thereby creating a proper Sales/Revenue forecast and budgets.  This tool can be use to help raise capital and manage cash flow.  Cash flow is the key for any business to survive.  You really have to manage where the money is coming in from to pay the bills and employees. 
N:  What intrigues you about a new designer/design business that makes you want to work with them and help them grow as opposed to large labels? 
DC: Opportunity! It feels great to help young designers grow and build a business.  There is so much to learn and someone with my knowledge can help them avoid costly mistakes as the business becomes more scalable.  My interest relies on two points: building a business and of course making money.  As a startup I can get up to 5 points of a company as a financial advisor and if the designer ends up like Seven jeans that sold for $880 million I can make a hefty profit. 
N:  Intermix had branded a reputation for young, chic and luxurious, how as the CFO do you feel you are going to expand the business but still keep the niche market? 
DC:  We can expand the business by getting more exclusives from designers and selling it through select locations and online web business.  There are many strategies to implement but we believe on focusing our efforts through customer service which the bigger retailers can’t focus on. 
N:  How does Intermix support the new designer? 
DC: If we like the designs/styles we will place an order and do some sort of co-marketing selling strategy.  Again the Ecommerce is a great and inexpensive tool to help market a designer. 
N:  With the emergence of Intermix boutiques all over the country, how are you concentrating on web business as well, while the company expands? 
DC:  The web business has no limits.  Next month we are launching our ability to sell internationally via web.  Potential growth and valuation for this business model is strong and the company has spent millions in building the infrastructure for scalability and service.  Implementing new technology is important for the customers as they continue to trust our sizing and product quality.  The downside with web purchasing is the actual fit size plus touch and feel of the clothes.  Intermix does it's best to address these issues by hiring a fit model to validate the size of the clothes and zoom features so that the customer can see the styles better. 
N:  Working with a legend like Diane Von Furstenberg, what have you learned about the creative side of the fashion industry that helps you in your business decisions? 
DC:  Creative people are unique and they have this ability to see outside of the box.  As a business man I need to try to understand where they are coming from and help them understand that whatever they do will have an impact on the business and how to turn that into making profit versus a straight expense. 
N:  With a background in finance and business, who inspired you to turn to the fashion industry? 
DC:  My original Mentor and Director of Finance over at Arnell Group, Mr. Charles Rose. 
N:  What do you feel designers need to think about when preparing to launch a business, as far as budget planning, approaching retail buyers etc.? 
DC:  A designer can't know the answer to everything; they need to develop a smart team of people who can help grow their business. That is the best strategy. Everyone has their strength and weakness.  Find the right people to do the budgets and forecasts and find the right sales people who have the contacts and relationship with the buyers.  That is the biggest challenge for any designer is finding the right people to work with, it can make or break or business. 
N:  What one word do you feel is most important in the business world? 
DC:  Never ASSUME anything! 
N:  Given the current economic status why would you still encourage someone to be an entrepreneur? 
DC:  Always - Opportunity exists - one person failure leads to another person success, the question is which one are you?

Introducing: JOLIBE

Posted by fashionentrepreneurreport On Monday, November 17, 2008 0 comments
Growing up in the Dominican Republic, Joel Diaz learned to make dresses at an early age from his mother.  After spending a few years in a school for fine art he transferred to the Altos de Chavon School of Design (alma mater of Oscar De La Renta) followed by a full scholarship at Parsons.  Now with his new endeavor, Jolibe, Mr. Diaz is right at home in New York where he belongs, crafting perfectly tailored unique pieces that are currently catching the eye of every fashion editor in town.

NM:  When did the label Jolibe begin

JD:  After working for Helmut Lang for 5 years and consulting for many companies, I started JOLIBE with my partner, Christina LaPens, a photographer and art director. We debuted the Fall 2007 Collection in Paris and since then have shown two collections in New York.

NM:  What is the first thing you consider when designing for the female form
          
JD: The body of course

NM:  Please explain your creative processdo you look at pattern firstThe texture of the fabric? The shape of the design that you want to accomplishOverall Inspiration? 
JD:  As a base, I start with a balance between hard and soft. Filling boards of inspiration, sketches and elements help me with initial direction but ultimately the fabric dictates.

NM:  How important is tailoring to ready-to-wear pieces and what details as a designer do you feel are most important? 
JD:  Perfection in construction is part of our foundation.  There are some details in our past collections that I feel the need to further explore. 

NM:  Through working in the fashion industry, who have been your influences along the way and why? 
JD:  Manolo in the early 90’s for his energy, Helmut Lang for his editing eye,  and Patrick Robinson for his trust in me.

NM:  What do you feel young designers should know about the business side of the fashion industry? 
JD:  Their customer, price point, production and distribution.  Also the need for a lawyer, accountant, showroom and PR!!!  That about covers it, no?

NM:  In 5 words, describe Jolibe? 
JD:  New, intelligent, balanced, passionate, versatile

NM:  Aside from fashion design what is your favorite way to spend the day? 
JD:  Hanging out with friends, Christina and our 2 kids.

NM:  What was your inspiration for your Fall 2008 Collection? 
JD:  Eclectic, organic architecture is a constant thread. We were also thinking about the 50’s, Japanese graffiti and Dada

NM:  What are the future plans for Jolibe? 
JD:  At the moment we’re conceiving a three minute film for SHOWstudio (showstudio.com) that will be showcased during London Fashion week.  Also starting on the spring collection and looking for a potential partner/ backer.    




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