The Row is valued at $1B

...& what this means for fashion start ups in today's macroenvironment

Happy Friday and welcome back to The Stanza. I’m sending this newsletter from the bar at the Portrait Hotel in Milan while wearing old Prada. The hotel bar is occupied mostly by Americans ordering “a cup of coffee” and other foreigners wearing everything they just bought duty free on Via Montenapoleone.

If you’re headed to NYC any time soon (or you live …