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TT Vol. 113
40, NYFW, Restoration Hardware and Twitter Texts
Clockwise from Top.
After taking off (checks notes) the past five weeks, we’re back! A LOT has happened: moved back to the East Coast, bought a house, new jobs. Oh, and I also turned 40. If it was an anniversary, it would be a ruby. We talk about the milestone on our podcast this week, which is also back.
Horribly late on this, but fashion week returned to NYC last month. The Cut had the best round up of what actually happened. While Fendi got the biggest headlines, there was plenty going on below the fold: Lil Nas X in jelly sandals at Coach, and Collina Strada had a broccoli bag at her show at the Naval Yard Cemetery.
One of our last activities before moving back East was eating at the Restoration Hardware in Marin. They have a beautiful, open air roof top restaurant in Corte Madera with olive trees and views of Mt. Tamalpais. Of course, you have to walk all the way through the furniture store to get up to the restaurant.1
Resto (apparently people call it this) is fast diversifying away from expensive furniture into experiences. They have two private jets - RH One and RH Two - and a yacht available for charter in the Bahamas (winter) or Mediterranean (summer). They operate 14 RH restaurants across the US and Canada.
We learned plenty from this WSJ profile of CEO Gary Friedman. Apparently, he was a top store manager at Gap, and was so good at merchandising that then-CEO Mickey Drexler use to call him up for advice. The profile even has the requisite anecdote of his detail-oriented nature, sending back a steak for being “not quite right.”
There are plans to expand into residential real estate, fully furnished with RH furniture of course.
Elon Musk finally closed on his purchase of Twitter, and it’s now owned by the world’s richest man. Matt Levine has closely and hilariously documented the contretemps for Bloomberg on his Money Stuff newsletter.
When Musk tried to litigate his way out of the purchase, a host of texts between him and his co-investors became public as part of the discovery process. There was Larry Ellison casually signing up for a cool $1 Billion investment:
Then there is Michael Grimes hitting up Elon about additional co-investors:
It is simultaneously reassuring and frightening that this is how business gets done in 2022.
Chris & Raquel
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The food was nothing special. Beautiful location, but don’t go there for the food.