Blog: Billions of dollars, two pairs of shoes

Joe Ayling | 21 September 2010

New York mayor Michael Bloomberg has caused a stir in the fashion world by confirming he only owns two pairs of work shoes.

Bloomberg, a billionaire, prefers to have his black loafers resoled than to buy new ones. In fact, he's had the soles of his shoes repaired so many times he can't even remember what brand they are, according to media reports.

With many celebrities having a shoe cupboard the size of a small house, his minimalist approach to footwear is somewhat refreshing - if a little worrying for retailers. Media guru Bloomberg prefers to share his wealth with a New York cobbler, who I assume is making a healthy living on tips alone.

One advantage of the 'Bloomberg method' of buying shoes is that storing the two he's not wearing is nothing more than a stroll through Central Park.


BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

BLOG

Cutting edge technology defining apparel industry

Cutting-edge textile processing products including a new technology for dyeing yarns in a more sustainable manner and a digitalised sewing machine set up via a touchscreen or app, were among the most ...

BLOG

Ethiopia apparel and textile industry making massive gains

just-style's editor Leonie Barrie recently visited Ethiopia to see for herself the massive developments taking place to elevate this East African nation into a compelling new garment and textile sourc...

BLOG

Collaboration remains a challenge

Collaboration between retailers, brands and their suppliers is a mission critical element in developing a slicker and more cost-effective supply chain. But in an increasingly complex fashion environme...

just-style homepage



Forgot your password?