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TFI News December 2005

TFI NEWS
A free fashion industry newsletter for innovative designers and small business entrepreneurs

Brought to you by:
Toronto Fashion Incubator (TFI)
Toronto’s Non-Profit Small Business Centre
Developed To Nurture, Support and Promote New Fashion Entrepreneurs
Sponsored by TEDCO (Toronto Economic Development Corporation) www.tedco.ca

1987 – 2005
Celebrating 18 Years of TFI
www.fashionincubator.com

Contact TFI at tfi@fashionincubator.com

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December 2005
Volume 13, Issue 8

Highlights:
1. Four on the Floor
2. B&M Models Celebrate 25 Beautiful Years
3. Show Me The Money!
4. Scene + Heard
5. Upcoming Events
6. Top Picks

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1. Four on the Floor
There are four semi-finalists remaining in the TFI New Labels® Fashion Design Competition. The collections are: Desperately Different by Katya Revenko, Fashion Psychology by Beryl Bacchus and Patrick Larrivee, Karamea by Michelle Turpin and Las Valentias by Erin Keatch.

The designers will now go on to compete in the final leg of the competition taking place on January 24, 2006. At that important session, the runway finalists will be identified and another line could be eliminated from the competition by the 2006 judges, retailer Arie Assaraf of TNT boutiques, National Post journalist Nathalie Atkinson, actor Kristen Booth, designer David Dixon and ELLE CANADA editor-in-chief Rita Silvan.

Finalists will go on to show their fall 2006 collections on the TFI New Labels® catwalk show taking place at Hazelton Lanes in March 2006. The show will be preceded with a fabulous wine reception featuring exquisite wines from France’s Pays d’Oc region and post-show, guests will be treated to a VIP shopping experience at TNT. A portion of the net proceeds from TNT sales will go to the Toronto Fashion Incubator.

Sponsors of this year’s event include Presenting and Media sponsor ELLE CANADA, Corporate sponsor TEDCO, Venue Host sponsor Hazelton Lanes, Party Host sponsors Vin de Pays d’Oc and Euphoria by Calvin Klein, Gold sponsors TNT, TD Canada Trust, Salon Daniel, M.A.C., Laven Industries and Bronze sponsors Beehive Design and Amazing Food Service.

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2. B&M Models Celebrate 25 Beautiful Years
On November 29, B&M Models celebrated its silver anniversary with a glamorous but chilly party at North America’s first-ever Ice Lounge in Toronto. While some guests donned the mandatory down-filled parkas to access the lounge, most of the crowd opted for the adjacent indoor bar to show off their hot bods and stylish fashions. B&M Models originated under the name Bookings Inc. in 1980 under the ownership of Linda Hill. In 1995, the company merged with Melanie Mateus, the current owner, becoming Bookings & Mel Management. The agency is now known as B&M Models. B&M’s roster has included famous faces such as Matrix actor Carrie Anne Moss, EMMY award winner Susan Haskell and Canada’s original super model, Donna DeMarco, best known as muse for designer Wayne Clark.

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3. Show Me The Money!
TD Canada Trust and the Business Development Bank of Canada (BDC) presented a seminar at TFI on November 15 about how to finance a fashion business. Alas, there are no miracle cures or tricks that’ll help you get a loan or line of credit. Instead, you’ll need to fulfill the bank’s five Cs: Credit (your past credit history), Character (stability, lifestyle, residence), Capacity (your ability to repay the loan), Collateral (personal/business assets) and Covenant (demonstrated promise to repay).

For those with poor credit, Robbin Rowe from TD Canada Trust stressed the need to regain your credit standing. The fastest and most beneficial way to do this is to get a Term Loan to invest in your RRSP. After one year, when the loan is paid off, your credit history will be restored and you’ll have money invested in your Registered Retirement Savings Plan. A double win for you!

Another tip: Don’t indiscriminately fill out those pre-authorized credit card applications that come in the mail every day. Every time you complete and remit any kind of a credit application a “point” is deducted from your credit standing. After just two points in one year, your credit rating is damaged, which lessens your chance to get financing. To the banks, it looks like you’re a “credit seeker”; someone who shops for credit to pay off existing debts.

The BDC, which is a Crown corporation, works a little differently than a regular bank. It is a complementary lender to the chartered banks, meaning that it works together with your bank to provide joint financing solutions. Start-up financing of $25,000 to $150,000 is available and can be used for working capital but the hook is that you need a really good business plan and you must match the monetary amount you seek, dollar for dollar. For example, to get a loan of $25,000, you need to have $25,000. The good news is that this doesn’t have to be cash; it can be money that you’ve already invested in your business such as the purchase of sewing machinery or computer equipment. More good news: no personal collateral is needed to guarantee the loan.

For more information about banking products and services, visit www.tdcanadatrust.com and www.bdc.ca.

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4. Scene + Heard
He’s Flown the Coop

After three years at TFI, celebrated Canadian designer Arthur Mendonça recently expanded to a new studio in Toronto’s Liberty Village neighbourhood. His address is: 219 Dufferin St., suite 112C, Toronto, Ontario, M6K 3J1. Mendonça credits the Toronto Fashion Incubator for helping him launch his business. “TFI is a very important and essential player in the fashion industry. It offers a great starting point for a young designer by providing studio space, resources and advice on how to start a fashion business,” he says. Now with his team of 14 employees under one roof, Mendonça looks forward to having his entire operation under his watchful direction.

Colour Designs Award Winner
On November 28, fashion student Joanna Song won the Lancome Colour Designs Award for Fashion. Selected from 10 finalists, all graduating students from Ryerson’s School of Fashion, Song received the 2006 Lancome Colour Designs trophy, $1,000 cash prize, $1,000 in branded products and a trip to Paris to compete at the International Lancome Colour Designs Awards. Students were asked to create one fantasy evening dress based on the theme “The Enchantress”, the name of Lancome’s spring 2006 makeup collection. Song’s creation featured deconstructed tulle, hand-dyed in shades of grey and worn with a leather harness. For event images, visit
www.torontostreetfashion.com/fashionevents/pastcoverage/ryersonlancomeawards.html.

Thank You to Our Donors!
Many, many thanks to our fabulous TFI donors! This month we’d like to thank Cristina Maggi, Maria Curcic and OWIT (Organization of Women in International Trade) for their cash donations and Reliable Corporation for the donation of two, new Reliable single-needle sewing machines. Running a non-profit and providing all of the benefits we offer to the community cannot be achieved without your help and the support of our corporate and event sponsors. If you would also like to make a donation that will help us to support, nurture and promote new fashion entrepreneurs, please visit TFI Shop at www.fashionincubator.com.

New Store Openings
Two former TFI members have opened shop in Toronto. Collette Harmon, one of Canada’s leading jewellery and accessory designers, has opened a boutique at 184 Davenport Rd. Contact: 647-438-4181. Drop by to see her gorgeous, multi-stranded and draped necklaces. Just off Queen Street West, designer Jay Barrigar has opened The Little Black Dress Shop at 135 Tecumseth St., Unit 7. The tiny shop features Toronto-designed clothing and accessories from lines such as Comrags, Damzels in This Dress and The Princess and The Party Girl, along with Barrigar’s private label line, Quip. Contact: 416-901-5470.

Time Fur a Change
Lynda Jagros May, the executive director of The Furriers Guild of Canada for the past 15 years, is now working on a freelance basis for the organization while developing additional projects. She can be reached at Rainmaker Management Group, 416-234-2100, and at rainmaker.ljm@sympatico.ca.

Are You an Aspiring Model?
HELM Fashion Show organizers are looking for innovative young fashion designers and ambitious male and female models to be part of its second annual fashion show. Slated for March 10, 2006, the organizers hope to promote Canadian fashion while giving upcoming models a catwalk experience. For more info, contact helmfashionshow@hotmail.com. Deadline to apply is January 31, 2006, for designers and February 7, 2006, for models.

Styles 2006 Competition Open Call
Emerging fashion designers can enter Gen Art’s annual fashion competition, Styles 2006, by downloading the application form at www.genart.org. Twenty-five finalists from around the world will show their designs on the catwalk in New York City in May 2006 before a panel of celebrity fashion judges. Five winners will each receive US$5,000 cash.

ITS#FIVE Design Competition
ITS is a fashion competition for young designers and fresh fashion grads from around the world. Enter to win the grand prize of € 20,000 which must be used to start a new collection of eight (minimum) outfits. The collection must be completed by June 15, 2006. Other prizes include the Diesel Award and i-D magazine’s Styling award. For an entry form and more details, visit www.itsweb.org. Entry deadline is March 24, 2006.

Commit a Fashion Faux Pas!
Wear White 4 Windfall is a new initiative to raise awareness for Windfall Clothing Service, a charitable organization that distributes new, surplus clothing to social service agencies. By wearing white on January 26, 2006, participants can make a $4 charitable contribution that will assist the organization to fulfill its mandate. For more info, visit ww4w.ca.

Start Your New Year’s Resolution Early
Get a leap on the New Year by committing yourself now to starting the fashion business you’ve always wanted. Why wait until January 1 when you can join TFI today and start taking advantage of the fantastic benefits and information awaiting you at TFI? TFI members enjoy discounts at TFI Shop and various suppliers including Mokuba Ribbon, Style magazine and Reliable, access to exclusive members-only seminars and meetings, reduced prices to TFI events such as TFI New Labels, exclusive invitations for new vendor go-sees, media events, sales clinics, consumer sales opportunities and more! Join up online at TFI Shop and start enjoying your benefits. Cost to join is just $130 + GST for a one-year membership. While you’re at it, purchase the How to Start a Fashion Business or How to Prepare a Business Plan for Your Fashion Business guidebooks for only $27 each (buy both for only $47) + GST. E-delivery is within the next business day but don’t wait until the last minute; TFI Shop will be closed December 23 through January 2.

5. Upcoming Events
TFI Annual Holiday Closing Dec 23 – Jan 2

TFI and TFI Shop will be closed from noon on December 23 through January 2 so that we can gear up for the New Year. Susan, Gail, Danielle, Raquel and Kyla wish you all a safe and healthy holiday season and we hope to hear from you in 2006.

TFI Sales Clinics – Still Some Dates Available!
Get one-on-one professional sales and marketing help to help you achieve your sales objectives. Perfect your selling pitch, develop your marketing materials, find out what buyers are buying in Canada or simply get feedback on your line and pricing. Supported by Industry Canada and the Toronto Fashion Incubator, this incredible program is on from now through March 2006 and is exclusive to TFI members. Call today as space is limited, 416-971-7117 x 22. Cost is $22 + GST per member, per appointment.

TFI Studio Tours
Saturday, January 7 at 11:30am

Interested in a TFI membership? Come to this informative walk-through tour of TFI and learn more about our programs and benefits that can help you and your business. Pre-register at 416-971-7117 x 21 or by contacting TFI. Please arrive early as tours start on time. Location: 106 Dovercourt Rd., Toronto.

TFI Members’ Networking & Brainstorming Meetings
Saturday, January 7, Doors open 1:30pm, Meeting at 2:00pm

TFI members are invited to attend our monthly networking and brainstorming meeting at the Toronto Fashion Incubator. Meet new people, share ideas and get inspired! Sign up to attend this free event by contacting TFI. Location: 106 Dovercourt Rd., Toronto.

Guilty Pleasures
January 28 at 11:00am and 1:30pm

This fabulous pre-fix fashion brunch has all the makings of a not-to-be-missed style experience. Shop through racks of cool Canadian designer clothing and accessories, including exclusive limited editions and hot winter and spring trends. A door prize will be up for grabs and everyone walks away with a goody bag compliments of ELLE CANADA. This is the perfect gift idea for a mom/daughter duo or a fun day with your girlfriends. Presented by The Drake Hotel, ELLE CANADA and the Toronto Fashion Incubator and sponsored by Stylus Models. Tickets are $30 plus tax and gratuity and available by calling 416-531-3042 x 113. Location: The Drake Hotel, 1150 Queen St. W., Toronto.

 

 

 

 

Spring 2007 Trend-Forecasting Seminar at TFI
February 9 at 5:00pm and 7:00pm

Come to TFI’s semi-annual trend-forecasting presentation by Promostyl. Find out what’s hot for spring 2007. Colours, trends and details for women’s, men’s and children’s wear will be covered. This exclusive opportunity is ONLY for TFI members so if you’re not a member or haven’t re-joined yet, NOW is the perfect time. Tickets are $25 + GST per member, per session. Register online at TFI Shop.

 

 

 

 

L’Oreal Fashion Week in Toronto
March 13 – 17, Toronto

Catwalk shows feature the best of the fall/winter 2006 Canadian designer collections. For more info, contact info@fdcc.ca.

BC Fashion Week
April 4 – 9, Vancouver

An industry trade show featuring fall/winter 2006 designer collections from Canadian designers. For more info, contact info@bcfashionweek.com.

Mass Exodus
Wednesday, April 5 at 7:30pm

Ryerson School of Fashion presents its annual year-end student fashion show at The Ryerson Theatre, 43 Gerrard St. E. in Toronto. For more info, visit www.massexodus.ca.

Interested in having your event posted? Send your submission with a minimum of 30 days notice to info at TFI.

6. TOP PICKS
www.thealexanderreport.com/dir/index.html
Search for buying offices, fabrics, contractors, trade shows and more

www.fashionforprofit.com
Want to start a fashion design business? Read this free e-guide outlining the major steps from product development through to selling.

http://www.bdc.ca/en/business_tools/entrepreneurial_self-Assessment/Entrepreneurial_self_assessment.htm?cookie%5Ftest=1
Would you make a good entrepreneur? Take the Business Development Bank of Canada’s test.

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TFI MEMBERS – KEEP US UPDATED
CHANGING YOUR ADDRESS OR EMAIL ADDRESS? Keep us updated so you don’t miss out on important opportunities and notices. Contact TFI at tfi@fashionincubator.com or call 416-971-7117 ext. 21 with your latest contact info.

CONTACT TFI MEMBERS
For a list of TFI members, look through Resident Profiles and Outreach Listings at www.fashionincubator.com/our_members/index.shtml.

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The Toronto Fashion Incubator (TFI), an innovative, non-profit, small business centre established in 1987, publishes TFI NEWS. TFI creates a sense of community among its members by delivering its comprehensive programs and benefits with an approach that is professional, passionate and nurturing.

TFI NEWS is a FREE e-newsletter publication sent to all TFI members and to those who requested it. Please forward this newsletter to other interested individuals and help spread the word! Information is intended for interactive and information purposes only. Submissions and feedback are welcome from all and should be sent to TFI.

To subscribe or unsubscribe to TFI NEWS please email us or call
416-971-7117 ext. 21.

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CONTACT US
Toronto Fashion Incubator
106 Dovercourt Road
Toronto, ON
Canada M6J 3C3

Tel: 416-971-7117
Fax: 416-971-6717
Email: tfi@fashionincubator.com

Office hours
Monday through Friday, 9:00am to 5:00pm EST, closed noon to 1:00pm daily and statutory holidays. Now open one Saturday every month from 11:00am to 5:00pm by appointment only.

Directions to TFI
We’re located on Queen Street West, one stop light east of Dufferin. Look for the TFI sign on the southwest corner of Queen Street West and Dovercourt Road in the West Queen West Arts + Design District.

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© Copyright 2005 The Toronto Centre for the Promotion of Fashion Design (Toronto Fashion Incubator, TFI). No part of TFI NEWS may be copied or duplicated in any form or by any means without the prior written consent of the Toronto Fashion Incubator.

This publication is distributed for information purposes only and with the understanding that TFI is not responsible for the results of any actions taken by any person in reliance on such information, nor for any errors or omissions contained herein. TFI expressly disclaims any and all liability arising out of the use of this publication or any part thereof by any person.

www.fashionincubator.com

Sponsored by TEDCO (Toronto Economic Development Corporation) www.tedco.ca

 

 
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