Crains New York - February 18, 2013 - (Page 3)
IN THE
BOROUGHS
BROOKLYN
Cape Town
Nearly every designer walked some version of the billowy
item down Fashion Week runways
BY ADRIANNE PASQUARELLI
Once-forbidding
complex opens doors
to the neighborhood
Superman and Batman might’ve been on to
something. Capes flourished at New York Fashion Week, which ended last Thursday, as nearly
every designer walked some version of the
billowy item down the runway. Oversize,
menswear-inspired outerwear, like cocoon coats
and roomy motorcycle
jackets worn over the
shoulders in a capelike iteration, continued the fashion trend.
“The cape has been
gaining traction,” said
A GROWN-UP, elegant
Sharon
Graubard,
cape by Vera Wang steers
senior vice president
away from eccentric fairy
and fashion director at
tales into a more
trend forecaster Stylewearable, practical realm.
sight. “It’s on the runway, on the runway, on
the runway, but now it’s going to be on the people, because it’s getting more approachable and
more wearable.”
Such large looks
could also mean large
bucks at a time when
many retailers continue
to struggle for sales. By
THE EXTRA BULK of a
pushing oversize outerroomy Patrik Ervell coat
wear, designers create
or cape allows for more
an opportunity to prolayering of items—which
mote more items for
means more retail sales.
shoppers to layer underneath. That new cape
can easily fit over a tailored blazer, for example, so
retailers could rake in twice the number of sales.
The industry needs a fresh reason to persuade
shoppers to buy a new coat. In that clothing
BY KERRY MURTHA
ᮤ NO LITTLE
For decades, most residents of
Brooklyn’s Clinton Hill and Fort
Greene had no idea what,if anything,
went on in the Brooklyn Navy Yard,
the forbidding, gated complex that
stretches for nearly 20 blocks along
Flushing Avenue on the neighborhoods’ northern edge. Fewer still had
ever entered the place.
Today, all that is changing. Just
ask Loretta Swindell, a trained construction worker. On her first visit to
the complex last year, she walked
into the yard’s employment center
and walked out with a job working
on a demolition project within the
complex. For her, the importance of
the city-owned facility has been
crystal-clear ever since.
“The Navy Yard means jobs for
this community,” said the 49-yearold Ms. Swindell, who is one of
1,600 area residents the employment center has placed in jobs over
the past decade—122 last year
alone.Finding jobs for people is only
one way the Brooklyn Navy Yard
Development Corp., the not-forprofit managing the city-owned
RED RIDING
HOOD
ᮤ
WHAT LIES
BENEATH
Navy Yard
an anchor
for jobs
See CAPE on Page 26
See NAVY YARD on Page 27
DIGITAL NY
A paranoia-industrial complex
emerges from the shadows
istock
As big banks, media
wise up to cyber
threat, security firms
try to get noticed
BY MATTHEW FLAMM
The most dangerous bank robbers
these days never pull out a gun.They
friend you on Facebook.
“This is somebody who says, ‘I
would like to breach and infect the
desktop of the [bank] CFO,’ ” said
Marc van Zadelhoff, vice president
of strategy for IBM’s security systems division.
Once an infected link is
clicked—presto!—a crook is inside
the executive’s computer, and before
long, the bank’s.
‘Potential costs
... are rising
exponentially’
These are the kinds of scenarios
that keep chief information security
officers awake at night—and one
reason the cybersecurity industry is
becoming a land of opportunity for
providers and investors. Last week,
President Barack Obama signed an
executive order aimed at setting
cyber-defense standards amid reports of Chinese hackers attacking
U.S. government computers and the
systems of The New York Times.
Attacks of all kinds are becoming
more pervasive. Like it or not, the
largest corporations in New York—
financial institutions, utilities and
media companies—will all be spending more on cybersecurity in 2013.
“The potential costs of those attacks are rising exponentially,” said
Manish Thakur, managing partner
at Manhattan-based investment
firm Hudson Fairfax Group, who
will be chairing a conference on
private-equity opportunities in
STATS AND THE CITY
GREENING OUR TRASH: Mayor Michael Bloomberg pledged to put the
kibosh on plastic-foam food containers that hang around for eons.
20Kplastic foam 5% CONTENT in 15.4%
NYC’S
PLASTIC
TONS OF
estimated to be in
NYC’s waste annually
$20 COST
PER-TON
that plastic foam
adds to recycling
in NYC because it
has to be
removed
typical plastic foam.
The rest is air.
CURBSIDE and
containerized
recycling rate in
2012, down
from 16.5% in
2005
63%
PORTION OF
Seamless.com
eateries nationwide
offering green order
option—sans plastic
utensils, napkins
Sources: Seamless.com, NYC Mayor’s Office, EarthResource.org, NYC Sanitation Dept.
ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY
See CYBERSECURITY on Page 28
February 18, 2013 | Crain’s New York Business | 3
http://www.Seamless.com
http://www.EarthResource.org
Table of Contents for the Digital Edition of Crains New York - February 18, 2013
DIGITAL NY
IN THE BOROUGHS
IN THE MARKETS
the insider
BUSINESS PEOPLE
OPINION
GREG DAVID
SMALL BUSINESS
REPORT: REAL ESTATE
THE LIST
CLASSIFIEDS
FOR THE RECORD
NEW YORK, NEW YORK
SOURCE SNACK
OUT AND ABOUT
SNAPS
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