Margin erosion during the recession

Rebecca Minkoff arrived in New York City at 18 with no money, no degree, and a low-paid internship that paid $3 an hour. She lived in a relative's playroom just to make it work. Twenty-one years later, she's built a globally recognized fashion empire and become one of the most influential voices in the fashion and entrepreneurial world.

But the journey from handing out postcards in Union Square to building a $100 million brand wasn't linear—it was filled with $60,000 in credit card debt, strategic pivots, and bold reinventions. In this interview, the founder and creative director of Rebecca Minkoff breaks down how she went from consignment sales in the East Village to building a licensing empire with 16 partners, why she joined The Real Housewives of New York as a strategic business move, and the exact moment she realized she needed to pivot from vertical integration to a licensing model to survive. What you'll learn in this interview: • How Rebecca survived on $3/hour while building her first collection in NYC • Why she spent $10,000 on pattern-making before getting a single order • How handing out postcards in Union Square led to her first sales • The costly mistakes she made not understanding margins and costing early on • How she landed $60,000 in credit card debt and climbed out of it • Why she pivoted from vertical integration to a licensing model with 16 partners • The strategic decision to join The Real Housewives of New York for one season • How the show tripled website traffic and increased brand awareness by 40% • Why she's telling founders to go back to house parties and grassroots marketing • What's next: kids, loungewear, home, intimates, jewelry, and potentially another book If you're building a fashion brand, navigating the trade-offs between control and scalability, or trying to understand when to pivot your business model, this conversation will fundamentally change how you think about reinvention, strategic risk-taking, and what it takes to build a legacy brand.

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WANT TO GROW YOUR BRAND WITH META ADS? Join the Foundr Operators Waitlist → https://foundr.com/operators HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER Learn directly from 7, 8 & 9-figure founders inside Foundr+ Start your $1 trial → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.foundr.com/startdollartrial⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING? → Starting from scratch? Apply here → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foundr.com/pages/coaching-start-application⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ → Already have a store? Apply here → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://foundr.com/pages/coaching-growth-application⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ CONNECT WITH NATHAN CHAN Instagram → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/nathanchan⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/nathanhchan/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ CONNECT WITH REBECCA MINKOFF Instagram → https://www.instagram.com/beckyminkoff/ LinkedIn → https://www.linkedin.com/in/rebeccaminkoff Website → https://www.rebeccaminkoff.com/

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