The Ventures of MissBiz

This is a journal of my personal ventures in business, as a business student, and as a student in life. This is a blog for me, but if you'd like to follow along - you might be in for a wicked ride!

Tuesday, October 17, 2006

Investing in Fashion - A Faux Pas?

I was going through the Top 30 Under 30 on the Inc.com website, and I came across something I definately need to do more research on. Angela Batinovich, #19 on the list, owns two companies - LumberJax and a women's apparel company called Bat's Daughter. On her mini-profile, it states that she started a company that invests in fashion start-ups. Always being interested in the textile and fashion industry myself, I checked out her investment company, AMBLA, on Google. Other than the NAMBLA organization popping up (North American Man Boy Love Association *wtf!*), I didn't find anything of the sort. Furthermore, not only could I not find her particular business, I was astonished at the lack of resources in the "fashion investment" category.

I didn't look for long (I will later), but I had to conduct several searches to find anything at all. Taking a retail management course, and realizing the importance of retail and textiles in our economy, I can't believe how little support there is in this massive industry. What I did find was a relatively new program for fashion designers hosted by the Government of Canada (specifically The Western Economic Diversification of Canada branch in Manitoba). The program is called the Mantiba Fashion Institute (MFI) and it was created by Laurie Butler.

"Started in 2002 as an initiative of the MFI Training Centre, the incubator is the only industry- based apparel training centre in Canada", reads the article.

Well, this is good to know - but what about everywhere else? I'll have to do some looking around. I am very curious as to where fashion and clothing retail start-ups recieve initial investment from, and how willing investors are to invest in this sector? I'll update on my findings later.

So,

I spent literally all day on Sunday, from about 8:00 am to 3:00 am (Monday morning) writing for The Journal and studying for The Novel midterm. Monday, I had to edit and re-write some articles before the 12:00 pm deadline. Then I had my midterm. I was at The Journal office from 2:00 pm to 11:00 pm. I wish I could have posted, but it was nearly impossible.

In about 45 minutes I will be heading to the library to get my picture taken for my Journal pass - which allows me to enter the Student Union Building anytime. After that, I will spend the rest of the day reading Pride and Prejudice, writing a warranty for a client, and then at 7:00 pm, I have a meeting with "S.Pace" to finalize the look of the Scribe Solutions website.

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"Fashions fade, only style remains the same"
Coco Chanel

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