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

Crains New York - February 18, 2013