Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Business»Take a look inside the designer’s company
Business

Take a look inside the designer’s company

The Elite Times TeamBy The Elite Times TeamJanuary 30, 2024No Comments7 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

It takes Willy Chavarria two weeks to design one of his collections.

Last year, that was enough for him to be named “Designer of the Year” at the Latin American Fashion Awards and CFDA Menswear Designer of the Year.

The rest is all business.

“Fortunately, I have experience working at a senior level in a company, and I understand that if you start with the big picture and then go to design, it fits into the big picture,” Chavarria said in an interview. . At his studio in Greenpoint, Brooklyn.

“I spend probably about two weeks with the designer actually designing it and putting it together,” he said. “And that’s while still doing a lot of other things.”

Chavarria is a fashion expert who has worked with the likes of Ralph Lauren, American Eagle Outfitters, Yeezy, and Dickies Construct. Until last summer, he was senior vice president of design at Calvin Klein, which is undergoing a shake-up under a new global structure.

Fashion designers are often seen living amazing lives filled with red carpets, fancy dinners, and awards. If you do it right, a good portion can occur. But often, it’s the “other stuff” — the core of running a business — that not only fills their days, but also determines their success.

Fashion is an art promoted by commerce on a practical level.

To learn more about how designers make it all work, WWD spoke to Chavarria to discuss when the design is complete and the admittedly not-so-great business process begins. did.

First, you need to assign a style number to each design. Technical specifications for each appearance have also been sent to the factory.

“A lot of spreadsheets are starting to get involved,” Chavarria said.

Each step requires a little more money. Capital and the need for more capital is a steady theme that dominates the business side of most small designer businesses.

“There are companies that we need to work with and start using that software to issue UPC labels,” he said. “You’re paying all these people to print UPC labels, and that’s about $6 per product. And distributors use that, and websites use that. That’s how we track products from other countries.

“But these are all things that don’t really get considered when you’re just thinking, ‘Oh, I’m going to make clothes and sell them,’” he said.

After a design is handed over to a factory (Chavarria’s looks are produced in the United States, Peru, and Japan), there’s a development process where the factory creates samples, reviews and tweaks.

“Often times before production begins, we go to the factory to review each style and confirm all details,” he said.

While each new development or growth spurt comes with its own challenges, this is a step-and-repeat that Chavarria is familiar with.

Chavarria, 56 years old; launched his own line in 2015 and used funding from other design work to support it. By 2019, the brand was self-funded.

The newly relaunched website continues to experience 100-120 percent year-over-year growth. Up until now, Mr. Chavarria had not spent any money on marketing, but now that his e-commerce site has been updated, he may spend money on marketing. Check out paid advertising.

The brand already sells wholesale in the U.S. through Bergdorf Goodman and other outlets, but is also investing in expanding its global wholesale distribution.

“This is my first time doing something like this,” said the designer. “We have a sales team and we sell all over the world. We’re selling in Paris right now. This is the first time we’ve done something like this.”

Is it exciting? scared?

“That’s why the prices are so high,” Chavarria says.

Part of that comes from the circuitous and disjointed routes money takes as it flows between retailers, brands and factories.

“If we get a $1 million order, we need to come up with about $400,000 to make it,” Chavarria said. “We don’t receive your money from the store until 30 to 60 days after delivery.”

To make that process smoother, designers are looking to start working with factoring companies, which pay brands upfront and collect from retailers when orders are shipped.

This is standard practice for fashion brands that have many other demands on their budget.

“You pay $300,000 to have a show, you pay $50,000 to do a show in Paris, all of this is happening at the same time,” Chavarria said. “You’re paying normal operating costs: rent, overhead. It’s a very expensive game.

“That’s the only game I know,” he said. “I like it. I mean, I knew what I was getting into.”

That seems to have made a big difference for Chavarria, who says he has learned “so much” from other design jobs.

“That’s why I didn’t start my brand right away when I was fresh out of art school,” he says. “I waited until I studied and learned enough and saw how things worked and learned about numbers and margins and production and factory visits.

“I learned all about how the business works before I actually joined, so I felt confident that I could do it,” he said. “I see so many people, especially now with social media, that everyone thinks they can become a designer and start printing hoodies and make a living doing it.”

Success in the fashion industry often requires working within the system, simply to align with other players.

Mr. Chavarria initially started working around his own schedule, but now he is part of the industry’s superstructure.

“To sell in bulk and make the money we need now, we need to join programs in other countries around the world,” he said.

It goes back to runway shows. The designer said it’s “a way to convey any kind of message with maximum impact.”

“I don’t know how sustainable that whole process is in general,” he says. “It’s all because of the calendar, the fashion calendar, the seasonal and retail windows, when the price drops happen, everything else… You have to be there… otherwise you miss out on the big launches and campaigns. It will be.

“I think there’s another way, and I’m going to find it,” he said.

willy chavarria style

Willy Chavarria look.

Provided by: Willy Chavarria

But now Chavarria has to settle everything.

“I touch on everything that happens,” he said. “I don’t know how I’ve been doing it all these years and I feel like I’m about to completely explode or start going up in flames, but at the same time it’s so exciting that I’m addicted to it.” ”

There are many areas Chavarria would like to invest in, but he knows where he would invest if he suddenly had money to spend.

“I would hire a CEO,” he said.

“I would like you to work with me to hire a team to build a complete infrastructure, including production, product development, and finance,” he said.

Chavarria’s approach is more “community” than “hierarchical.”

“The best work situations that produce the best results are when everyone is working together at the same table, sharing ideas from different perspectives, from everywhere, and putting something together and seeing it come to fruition.” He said. “The infrastructure that I want and need to build is not massive. It’s just a high-performance product.”

For now, Chavarria’s husband, who has returned from Copenhagen where he worked at jeweler Pandora, is helping run the business as chief financial officer.

“He is all the liaison between the sales team and us to start wholesale,” the designer said. “He’s moving us to the distribution center, but he’s just helping me out because he has his own passion.

“There are a lot of people who would like to work for me, but I can’t afford to hire them yet,” he said.

That may change.

Although Chavarria owns 100% of the business, he and the business appear to be about ready to bring in outside funding.

“When you get to this point, you’re going to need money from somewhere to take it to the next level, and at some point somebody’s going to need some capital,” Chavarria said. “There are a lot of people who want to participate. But I don’t always trust these people, or they ask me too much for too little.

“It’s difficult to make it happen, but I have faith,” he said.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMarketing Professional Services Association New York Chapter to hold panel discussion on February 21st: NYREJ
Next Article Letter to the outside world | Opinions
The Elite Times Team
  • Website

Related Posts

Canadian business leaders say housing should be a top federal budget priority

March 27, 2024

The power of mentorship in business

March 27, 2024

Los Angeles County business owner forced to pay damages after SWAT raid

March 27, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

The Chamber’s “Business After Hours” event brings together business and industry interests that share a common goal – Grand Forks Herald

By The Elite Times TeamDecember 31, 2023

[ad_1] Editor’s note: The following is part of an occasional Herald series about how Grand…

Business Profile: Skradski Family Funeral Homes looks to the future | News, Sports, Jobs

January 2, 2024

Jeffrey Epstein’s court documents released without name

January 4, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.