Q&A With Lane Gerson: Co-Founder of Jack Erwin

first_img How to Thrift Like a Pro: Tips for Making the Most of Secondhand Style Oliver Cabell’s New Phoenix Sneakers Are 3D-Printed With Recycled Plastic Bottles You Won’t Believe the Price Tags on 10 of the Most Expensive Shoes For Men Your New Favorite Pair of Go-to Leather Shoes Just Got More Affordable The Manual spoke with Lane Gerson, co-founder of Jack Erwin, the new footwear brand that offers classic dress shoes prices that won’t compromise your rent. Gerson discussed what it’s like to start a business, how the company is putting its footprint in the shoe game, and how he transitioned from accounting to fashion.Where does the name Jack Erwin come from?It is a nod to our fathers – my father’s name is Erwin and my business partner’s father’s name is Jack.How does Jack Erwin want to change the shoe game?We want to bring the beauty and simplicity. We want Jack Erwin to honor craftsmanship and offer updated shoes at a great price.What have you learned as a new business in the last year?It’s inspiring to realize that if you have an idea you believe in – and really dive into it – it can happen especially if you offer something you believe in. People have an appetite for new products and are excited to try new things.You keep the silhouettes on the shoes the same – how long did it take to find the perfect design?The silhouette took us six months.  We thought that was the most important thing because it dictates the mood of the shoe. It’s current, modern, classic and traditional – which was important for us – the shape is a great combination of those things.Why keep that shape consistent throughout the line?It’s a very clean and sleek dress shoe. We want to introduce a second silhouette that is a bit more casual in the coming year.How long was the process of putting a new business together? We started May 2012. My business partner and I have always loved clothes and fashion. We spent many a day window-shopping and there are not a lot simple, fairly priced shoes. What is out there is very expensive  (especially in New York City). We wondered if we could we make a shoe ourselves and in August 2012 we met with people who could potentially help us.Ariel [my business partner] was getting his head shaved one day and the guy in the chair next to him mentioned being in the shoe business, having once worked at Ralph Lauren.(The man in the chair ended up advising Lane and Ariel).Have you always been fascinated with shoes? Did you grow up wanting to be in the shoe or design industry?I always liked style and design. I think how you dress says a lot about you. Growing up I was very business focused. I went to business school to be an accountant and  I was a bit hesitant to quit my day job. We were waiting on samples while I was still working as an accountant.Which style from the collection do you wear the most?I wear the wingtip a lot and the cap toe with jeans.How would you describe your personal style? My personal style is a little fashion forward and daring. I’ve always worn tight jeans and loose tee shirts, and I’ve always worn dress shoes. My business partner is a little bit more conservative.Do you see Jack Erwin developing other products?We talk about it – accessories is an interesting progression because people match their belts to their shoes, but right now we want to stick to footwear, do a great job and gain recognition.What can we expect to see in 2014?We’re offering suedes now and [designing] new patterns – so there will be a few new options. We also want to experiment with some different colors. How to Properly Polish Your Own Shoes Editors’ Recommendations last_img read more

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Meeting between Sri Lanka and IMF postponed

A meeting between Sri Lanka and the International Monetary Fund (IMF) in Washington has been postponed, Minister of Economic Reform and Public Distribution Dr. Harsha de Silva said.He said that the meeting had been postponed owing to a snow storm in  in Washington. “All meetings at @IMFNews including #SriLanka with MD @Lagarde rescheduled as ‘snow storm’ forces them to close. Having lived in US Midwest previously I am surprised how such little snow can shut the Capital down. Repayment of USD 1 billion ISB MR borrowed due today,” he tweeted. Mangala is in Washington to resume negotiations with the IMF on the Extended Fund Facility.The IMF had in November decided to suspend funding for Sri Lanka as a result of the political crisis. (Colombo Gazette) A Sri Lankan delegation led by Finance Minister Mangala Samaraweera is in the US for talks with the IMF. read more

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Pensions plans gained 34 per cent in fourth quarter StatsCan says

OTTAWA – Statistics Canada says employer-sponsored pension funds were worth more than $1.1 trillion at the end of December, a 3.4 per cent increase from September and up 4.6 per cent for the full year.The gain compared with an increase of 14.2 per cent in 2010 and 10.5 per cent in 2009.The value of pension fund investments in bonds at the end of the fourth quarter increased 3.6 per cent from the third quarter to $424.8 billion while investments in stocks recovered from losses in the third quarter, increasing 2.9 per cent to $338.5 billion.Smaller amounts were invested in mortgages, real-estate and other types of assets.The report included trustee-governed employer pension plans and their pension funds.Five million Canadian workers are covered by trustee-governed employer pension plans. Another million workers are covered by employer pension plans that are managed by insurance companies under contract.In the fourth quarter, 70.2 per cent of pension fund investments managed by trustees were in domestic holdings and 29.8 per cent in foreign holdings, unchanged from the previous quarter.Revenue increased 34.4 per cent to $29.2 billion in the fourth quarter due to special payments made by employers to cover pension liabilities, increased investment income and profits from the sale of securities.Note to readers: This is a corrected story. A previous version gave inaccurate figures for the gains in 2011 and the number of pension plans included in the report. Pensions plans gained 3.4 per cent in fourth quarter, StatsCan says AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Jun 12, 2012 9:29 am MDT read more

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