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{{Short description|American socialite and entrepreneur}} |
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[[Image:Juliemacklowe1.jpg|thumb|Julie Macklowe at a Hamptons party hosted by Alison Brod. July 2011.]] |
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[[File:Jean-george julie macklowe.jpg|thumb|Julie Macklowe and chef [[Jean-Georges Vongerichten]]]] |
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'''Julie Macklowe''' is an investor, former hedge fund manager, and socialite. She has managed portfolios at several high profile firms and regularly appears in the pages of style magazines. Macklowe currently invests in startup fashion businesses and young designers. |
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'''Julie Macklowe''' (born '''Julie Lerner in''' December 1977) is an American socialite, philanthropist and entrepreneur, who married into [[Harry B. Macklowe|the Macklowe family]]. |
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In 2021, she released [[The Macklowe]], an American [[single malt whisky]].<ref name=":1">{{Cite web |date=2021-12-06 |title=Julie Macklowe's Latest Venture? An American Single-Malt Whiskey |url=https://www.vogue.com/article/the-macklowe-american-single-malt-whiskey-launch |access-date=2022-05-26 |website=Vogue |language=en-US}}</ref><ref name=":0">{{Cite news |date=2022-05-09 |title=There's a New Whiskey Winning Over Wall Street |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-05-09/macklowe-whiskey-is-winning-over-wall-street-with-luxury-american-single-malt |access-date=2022-05-26}}</ref> She previously founded [[vbeauté]], a former [[Skin care|skincare]] line for women.<ref>{{cite web|last1=Uticone|first1=Christina|title=A SENSITIVE SUBJECT: SKIN CARE LINE VBEAUTÉ LAUNCHES IN HOUSTON|url=http://www.houstonpress.com/arts/a-sensitive-subject-skin-care-line-vbeaut-launches-in-houston-6394955|website=Houston Press|publisher=Houston Press LP|date=2012}}</ref> |
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== Background == |
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Macklowe's family roots in the fashion industry date to her grandfather’s ownership of a t-shirt company. After World War II, her father, Harold Lerner changed the company into the women’s sportswear company, Fire Islander.<ref name=Magazine>Clark, Evan (1 December 2010) "Julie Macklowe: Beginning with a Bauble." ''Women's Wear Daily''. p 3-4.</ref> |
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== Early life and education == |
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Macklowe was born in [[Aspen]] and raised in Arizona.<ref name=AI>{{cite web |url=http://avenueinsider.com/2011/03/chic-of-the-week-julie-macklowe/ |title=Chic of the Week: Julie Macklowe |author=Peter Davis |date=18 March 2011 |work=Avenue Insider |publisher=Manhattan Media |accessdate=18 July 2011}}</ref> She completed her B.A. in Economics and B.S. in Commerce with concentrations in Finance and MIS at the [[University of Virginia]] [[McIntire School of Commerce]] in 1999. During her time at UVA, she held internships at [[Goldman Sachs]] and Neuberger and Berman.<ref name=School>[http://www.commerce.virginia.edu/aboutus/boards/advisoryboard/Pages/JulieLernerMacklowe.aspx "Julie Lerner Macklowe."] ''University of Virginia McIntire School of Commerce''. Retrieved 10 July 2011.</ref> |
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Macklowe was born in [[Aspen, Colorado|Aspen]] and raised in [[Arizona]],<ref name=AI>{{cite web |url=http://avenueinsider.com/2011/03/chic-of-the-week-julie-macklowe/ |title=Chic of the Week: Julie Macklowe |author=Peter Davis |date=18 March 2011 |work=Avenue Insider |publisher=Manhattan Media |accessdate=18 July 2011 |archive-date=13 July 2011 |archive-url=https://web.archive.org/web/20110713135006/http://avenueinsider.com/2011/03/chic-of-the-week-julie-macklowe/ |url-status=dead }}</ref> the daughter of Frank Lerner. She took over her grandfather's [[T-shirt]] company and transformed it into a women's [[sportswear]] company.<ref name=Magazine>Clark, Evan (1 December 2010) "Julie Macklowe: Beginning with a Bauble." ''Women's Wear Daily''. p 3-4.</ref> She completed her B.A. in [[economics]] and B.S. in commerce, graduating [[Latin honors|magna cum laude]] from the [[University of Virginia]] [[McIntire School of Commerce]] in 1999. It was there that she received an early induction into [[New York City|New York]] finance circles while taking John Griffin's class.<ref name=":0" /> |
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== |
==Career== |
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Chase Capital Management (now JPMorgan Partners) |
In 2000, Macklowe worked with Chase Capital Management (now [[JPMorgan Partners]]) in [[Seoul]] and [[Hong Kong]], where she helped structure [[Leveraged buyout|leverage buyouts]].<ref name="Magazine" /><ref>[http://www.wwd.com/business-news/forecasts-analysis/julie-macklowe-as-fashion-backer-3393299?full=true "Julie Macklowe as Fashion Backer"] ''Women's Wear Daily''. December 1, 2010. Retrieved 13 September 2012.</ref> Between 2003 and 2006, Macklowe was the managing director of Metropolitan Capital Management, and, in 2006, she joined the [[Investment company|investment firm]] SAC, where she managed [[Portfolio (finance)|investment portfolios]] for Sigma Capital Management. |
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In 2009, backed by Millennium Partners, Macklowe opened her own $250 million [[hedge fund]], Macklowe Asset Management.<ref name=CNBC>"Katie Little. "[https://www.cnbc.com/id/101011488 A hedge fund manager’s unexpected, second act in cosmetics]". [[CNBC]], September 7, 2013. Accessed August 25, 2024.</ref><ref>{{cite web|last1=Rubin|first1=Julia|title=BEAUTY BEAT: Julie Macklowe Gives Us The Lowdown On vbeauté|url=http://www.styleite.com/beauty/vbeaute-julie-macklowe/|website=STYLEITE|publisher=Styleite, LLC|date=2012}}</ref> In October 2010, Macklowe closed the fund to pursue her own investments in fashion businesses.<ref>[https://www.forbes.com/sites/kirstenbischoff/2012/02/06/five-successful-female-entrepreneurs-who-pivoted-out-of-the-finance-industry/ "Five Successful Female Entrepreneurs Who Pivoted Out of the Finance Industry"] ''Forbes''. 2/06/2012. Retrieved 13 September 2012.</ref> In an interview the following year, she said, "I haven’t looked at a stock since the day I left.”<ref name=Bazaar>{{cite journal|title=Julie Macklowe: A Fashionable Life |journal=Harper's Bazaar |issue=September 2011 |pages=504–509 |url=http://www.harpersbazaar.com/magazine/feature-articles/julie-macklowe-interview-0911 |url-status=dead |archiveurl=https://web.archive.org/web/20111016223405/http://www.harpersbazaar.com/magazine/feature-articles/julie-macklowe-interview-0911 |archivedate=2011-10-16 }}</ref> |
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In 2009, backed by Millenium Partners, Macklowe opened her own $250 million [[hedge fund]], Macklowe Asset Management. In October 2010, Macklowe closed the fund to pursue her own investments in fashion businesses.<ref>[http://www.nypost.com/p/pagesix/new_direction_go54PvqvdmYG9od8JJc42K "Hedge funder Julie Macklowe to form new company for fashion investments"] ''The New York Post''. 10 Oct, 2009. Retrieved 10 July 2011.</ref> In an interview the following year discussing her twelve years in finance, she said, "I haven’t looked at a stock since the day I left.”<ref name=Bazaar>{{cite journal |title=Julie Macklowe: A Fashionable Life |journal=Harper's Bazaar |issue=September 2011 |pages=504–509 |url=http://www.harpersbazaar.com/magazine/feature-articles/julie-macklowe-interview-0911}}</ref> |
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=== BaubleBar=== |
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=== Fashion Industry Investments === |
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⚫ | In December 2010, Macklowe's first fashion industry investment, BaubleBar, launched with help from [[Accel (company)|Accel Partners]].<ref name=Magazine /> The online [[Startup company|startup]], sells [[Jewellery|jewelry]] directly from suppliers and designers, which normally work with retailers.<ref name=inc>{{cite web|last=Carter|first=Nicole|title=A Lot More Sparkle Than Morgan Stanley|date=2 July 2012 |url=http://www.inc.com/30under30/nicole-carter/amy-jain-danielle-yacobovsky-founders-baublebar.html|publisher=Inc.com|accessdate=6 March 2014}}</ref> Macklowe helped the company in its initial fundraising efforts and currently sits on the company's board.<ref name=Magazine /> |
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After leaving a career in hedge funds and finance, Macklowe turned to the fashion industry using her business experience and feel for style to scope the fashion industry for good investments.<ref name=Magazine></ref> |
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Macklowe was the muse for Zang Toi, for his Spring 2013 collection and debuted on the [[Fashion show|runway show]] September 9, 2012.<ref>{{cite web|url=http://www.ibtimes.com/articles/379544/20120831/zang-toi-spring-2012-fashion-week-photos.htm |title=Zang Toi Gives A Sneak Peek Into His Spring 2013 Collection Ahead of New York Fashion Week [PHOTOS] |publisher=Ibtimes.com |date=2012-08-31 |accessdate=2014-03-06}}</ref> |
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==== Bauble Bar ==== |
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⚫ | In December 2010 |
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=== Vbeauté === |
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{{Main|Vbeauté}} |
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Macklowe launched her own luxury cosmetics company, vbeauté on November 1st, 2011. Vbeauté is luxury, travel-friendly toiletry kit that can get past the TSA, called the "It Kit". Vbeauté is part of Macklowe's simple approach to skin care, and features harvested stem cells from the Alpine Rose flower as its main ingredient. The [[Alpine Rose]] is a small pink flower which is known for its resilient properties and which can only be found in the harsh climate of the Swiss alps.<ref>{{cite web|last=Brown|first=Sarah|title=Jet Setter|work=magazine article|publisher=Vogue|accessdate=12/14/2011}}</ref> |
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Macklowe launched her own skincare company, [[Vbeauté]] on November 1, 2011.<ref>{{cite web|title=Belle of it All|url=https://vbeaute.com/index.php/profile/news/read/id/54/|archive-url=https://archive.today/20130217000446/https://vbeaute.com/index.php/profile/news/read/id/54/|url-status=dead|archive-date=February 17, 2013|work=Quest Magazine|accessdate=December 28, 2012}}</ref><ref name="WSJ">{{cite news |last=Heymen |first=Marshall |date=21 December 2011 |title=Swapping finance for facial products |work=article |publisher=wall street journal |url=https://www.wsj.com/articles/SB10001424052970204791104577110861024934148 |accessdate=2011-12-22}}</ref><ref name="NYT Business">{{cite news |title=Beauty as Their Business |newspaper=The New York Times |date=7 December 2011 |url=https://www.nytimes.com/2011/12/08/fashion/making-beauty-their-business.html?_r=1&pagewanted=all|last1=Chang |first1=Bee-Shyuan }}</ref> Vbeauté started as a luxury, travel-friendly [[Personal care|toiletry]] kit that meets [[Transportation Security Administration|TSA]] regulations for [[Hand luggage|carry on luggage]] and was developed by CRB Cosmetics, a research lab in [[Switzerland]]. The inspiration for the company came in 2009, when she was flying to a friend's [[wedding]] in [[France]], when her toiletries were confiscated by security. In 2011, the company raised $4 million and sold at 37 stores.<ref>{{cite web |date=2012-02-02 |title=After Hedge Funds, a Career Rejuvenation |url=http://www.businessweek.com/magazine/after-hedge-funds-a-career-rejuvenation-02022012.html |archive-url=https://web.archive.org/web/20120207112644/http://www.businessweek.com/magazine/after-hedge-funds-a-career-rejuvenation-02022012.html |url-status=dead |archive-date=February 7, 2012 |accessdate=2014-03-06 |publisher=Businessweek}}</ref><ref>{{cite web |date=7 September 2013 |title=A hedge fund manager's unexpected, second act in cosmetics |url=https://www.cnbc.com/id/101011488 |website=CNBC}}</ref> In September 2014, vbeauté launched a deal with the [[Home Shopping Network]] (HSN) to be sold exclusively at HSN and select [[boutique]]s.<ref>{{cite web|last1=Cyk|first1=Jayme|title=Vbeauté to Appear on HSN|url=http://wwd.com/beauty-industry-news/retailing/vbeaut-to-appear-on-hsn-7859534/|website=WWD|publisher=Fairchild Publishing|date=2014}}</ref><ref>{{cite web|url=http://www.therecessionista.com/2014/09/hsn-previews-fall-fashions-new-york-fashion-week.html|title=HSN Previews Fall Fashions at New York Fashion Week|work=The Recessionista®|date=22 September 2014 }}</ref><ref>[https://www.nytimes.com/2012/05/31/fashion/beauty-spots.html?_r=1&ref=fashion "Beauty Spots"] ''New York Times''. May 29, 2012. Retrieved 13 September 2012.</ref> Vbeauté sold a wide range of luxury skin care products, known for containing the [[Rosa pendulina|Alpine Rose]] as a main ingredient.<ref name=about>{{cite web|title=Vbeaute|url=http://www.vbeaute.com/about|accessdate=8 March 2014|date=2013}}</ref> |
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Vbeauté went out of business in 2019.<ref>{{Cite web |title=Vbeauté Company Profile: Valuation & Investors {{!}} PitchBook |url=https://pitchbook.com/profiles/company/58006-63 |access-date=2023-05-11 |website=pitchbook.com |language=en}}</ref> |
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The inspiration for this company came in 2009 as she was flying to her friend's wedding in France when her toiletries were confiscated by security. The replacement products she purchased in France gave her a severe allergic reaction. By 2011 she had raised $4 million and her product sells at 37 stores.<ref>http://www.businessweek.com/magazine/after-hedge-funds-a-career-rejuvenation-02022012.html?utm_source=vbeaut%C3%A9+Newsletter&utm_campaign=c0d2a71784-Bergdorf_Goodman_PA1_8_2012&utm_medium=email</ref> |
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Macklowe stressed her dedication to being socially responsible when she launched the product line in New York City for her 34th birthday. When asked about the charitable component, she said: "social responsibility was very important. I think more corporations should do it."<ref name=WSJ/> |
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{{Main|The Macklowe}} |
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In December 2021, Macklowe launched [[The Macklowe]], an [[America]]n [[Single malt whisky|single malt whiskey]]. Macklowe is distilled in limited quantities, and, according to [[The New York Times]], retails for $1,500.<ref>{{Cite news |last=Risen |first=Clay |date=2022-12-29 |title=Where Did All the Bargain Bourbon Go? Blame the Whiskey Mania. |language=en-US |work=The New York Times |url=https://www.nytimes.com/2022/12/29/dining/drinks/bourbon-prices-american-whiskey.html |access-date=2023-01-27 |issn=0362-4331}}</ref> It is available at various [[New York City|New York]] bars and restaurants.<ref name=":2">Julie Macklowe Couldn't Find an American Single Malt Whiskey to Her Liking—So She Made One Herself; Town & Country Mag; [https://www.townandcountrymag.com/leisure/drinks/a38704508/julie-macklowe-american-single-malt-whiskey/]</ref><ref name=":3">[https://wwd.com/eye/people/julie-macklowe-american-single-malt-whiskey-vbeaute-1235009503/ Julie Macklowe Launches Luxury American Single Malt Whiskey; WWD];</ref><ref name="vogue.com">Julie Macklowe’s Latest Venture? An American Single-Malt Whiskey; Vogue; [https://www.vogue.com/article/the-macklowe-american-single-malt-whiskey-launch]</ref><ref name="forbes.com">Holiday Gift Guide 2021: Best Whiskeys And Whiskies Made By Women; Forbes; [https://www.forbes.com/sites/jeanettehurt/2021/12/17/holiday-gift-guide-2021-best-whiskeys-and-whiskies-made-by-women/?sh=4120037664aa]</ref><ref>Julie Macklowe Brings Luxury To American Single Malt With $1,500 Whiskey; Spirited Zine; [https://spiritedzine.com/julie-macklowe-brings-luxury-to-american-single-malt-with-1500-whiskey/]</ref> Macklowe told [[The Wall Street Journal]] that decades of curating her own collection of whiskey inspired her to create her own brand.<ref>{{Cite news |last=Taylor |first=Candace |title=Sure, You've Got a Wine Cellar. What About a Whiskey Lounge, or a Tequila-Tasting Room? |url=https://www.wsj.com/articles/sure-youve-got-a-wine-cellar-what-about-a-whiskey-lounge-or-a-tequila-tasting-room-11671052237 |access-date=2023-01-27 |newspaper=Wall Street Journal |date=15 December 2022 |language=en-US}}</ref> |
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Macklowe partnered with [[Scotland|Scottish]] distiller and blender Ian MacMillan, known for his work with [[Bunnahabhain distillery|Bunnahabhain]] and [[Bladnoch distillery|Bladnoch]].<ref name=":0" /><ref>{{Cite web |title=The Team |url=https://themacklowe.com/the-team/ |access-date=2022-05-31 |website=The Macklowe |language=en-GB}}</ref> The brand follows a [[farm-to-table]] philosophy, which includes locally sourced malted barley.<ref>{{Cite web |title=Our Process |url=https://themacklowe.com/our-process/ |access-date=2022-05-31 |website=The Macklowe |language=en-GB}}</ref> The product is made, matured, and bottled in [[Kentucky]] using traditional [[Bourbon whiskey|bourbon]] production techniques, using a [[column still]] and copper [[Pot still|doubler]].<ref name=":1" /><ref>{{Cite web |title=Cask Nº60 |url=https://themacklowe.com/cask-60/ |access-date=2022-06-02 |website=The Macklowe |language=en-GB}}</ref> The product is bottled in hand-crafted, hand-painted bottles that are designed after [[Hip flask|flasks]].<ref name=":3" /><ref name=":0" /> |
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In 2004, she married Billy Macklowe, president of Macklowe Properties, the New York real estate firm founded by his father.<ref>[http://www.nytimes.com/2004/11/21/fashion/weddings/21LERN.html?_r=1&scp=1&sq=julie+lerner+macklowe&st=nyt "Julie Lerner, William Macklowe."] ''The New York Times''. 21 November 2004. Retrieved 10 July 2011.</ref> The couple live in Manhattan with their daughter Zoe.<ref name=Magazine></ref> |
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[[Jean-Georges Vongerichten|Jean-Georges]]’ restaurants, [[Marea (restaurant)|Marea]], [[Carbone (restaurant)|Carbone]], [[Le Pavillon (Daniel Boulud restaurant)|Le Pavillon]], [[Casa Cipriani]], and [[Bemelmans Bar|Bemelmans]] at the [[Carlyle Hotel|Carlyle]] all serve the brand.<ref name=":0" /> |
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The family owns a house in the Hamptons, designed by architect Annabelle Selldorf, and decorated by interior designer, Eric Alch. Selldorf describes the house as a "sophisticated project with a lot of layering of ideas."<ref name=Bazaar></ref> |
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The glass and concrete, contemporary-style {{convert|15,000|sqft|m2|adj=on}} home contains works from painter Donald Judd and luxury-furniture makers Poltrana Frau, [[Le Corbusier]], [[Droog]], and [[Eero Saarinen]]. It also includes an infinity lap pool, wine cellar, and home cinema. The house has been featured in ''Hamptons'' magazine and ''Harper's Bazaar''.<ref name=Bazaar></ref> |
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Macklowe spends much of her time there with her daughter and husband and surfing with a custom blue surfboard designed by an original iMac designer, Thomas Meyerhoffer.<ref name=WWD>{{cite web |url=http://www.wwd.com/eyescoop/eye/wwd-postcard-julie-macklowe-hangs-ten-in-the-hamptons-2235047/ |title=Julie Macklowe Hangs Ten in the Hamptons |author= |date=11 August 2009 |work=WWD Postcard |publisher=Women's Wear Daily |accessdate=20 July 2011}}</ref> At the beach, she favors the bold, but practical neoprene suits of designer Lisa Marie Fernandez.<ref>{{cite web |url=http://www.vogue.com/vogue-daily/article/surfer-girls-what-women-in-fashion-are-wearing-to-ride-the-waves/ |title=Surfer Girls: What Women in Fashion are Wearing to Ride the Waves |author=Esther Adams |date=2 June 2011 |work=Vogue Daily |publisher=Vogue |accessdate=20 July 2011}}</ref> Also included in her Hamptons life are driving her Toyota pickup truck, spending time with her daughter and husband, lunches with other New Yorkers, and dining at the famous Nick & Toni's.<ref name=WWD></ref> |
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In 2004, Julie married Billy Macklowe, son of [[Harry B. Macklowe]], and founder of the William Macklowe Company. The couple lives in [[Manhattan]] and [[Long Island]] with their daughters.<ref>{{cite news|last1=Gordon|first1=Kazakina|title=Wealthy New Yorkers Flee to Hamptons, Hudson Valley to Escape Virus|url=https://www.bloomberg.com/news/articles/2020-03-11/new-yorkers-flee-to-hamptons-hudson-valley-to-escape-virus|accessdate=July 26, 2020|work=Bloomberg|date=11 March 2020}}</ref> In addition to their residence in New York City, the couple owns houses in both [[Aspen, Colorado|Aspen]]<ref>{{Cite web |last=Carroll |first=Rick |title=Aspen penthouse sells for $13.2 million |url=https://www.aspentimes.com/news/aspen-penthouse-sells-for-13-2-million/ |access-date=2022-06-02 |website=www.aspentimes.com |date=18 January 2015 |language=en-US}}</ref> and [[the Hamptons]].<ref name="Glimmers of Light Downtown">{{cite news|title=Glimmers of Light Downtown|url=https://www.nytimes.com/2012/11/01/fashion/glimmers-of-light-in-downtown-manhattan.html?pagewanted=all&_r=1&|newspaper=The New York Times|date=31 October 2012}}</ref> |
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In 2008, Macklowe was named [[Vogue (magazine)|Vogue]] magazine's "It Girl".<ref>{{cite web |title=Vbeauté takes flight |url=https://docs.google.com/viewer?a=v&pid=gmail&attid=0.1&thid=13be3561b560a1ed&mt=application/pdf&url=https://mail.google.com/mail/?ui%3D2%26ik%3D2764026d6b%26view%3Datt%26th%3D13be3561b560a1ed%26attid%3D0.1%26disp%3Dsafe%26realattid%3Df_hb9t9eji0%26zw&sig=AHIEtbTdSydhfnMD5TDviqFVsHmtGQqzNw |accessdate=December 28, 2012 |work=WWD Magazine}}</ref> |
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Macklowe is a regular actor in New York’s social scene. She is noted for her investments and personal taste in fashion. Francisco Costa, creative director at Calvin Klein says she has an “amazing sense of luxury.” Macklowe’s picture, profile, and fashion picks have appeared in [[Vogue (magazine)|''Vogue'']], ''W'', ''[[Harper’s Bazaar]]'', ''[[Women’s Wear Daily]]'', and other style-conscious magazines. Her friend and designer Jason Wu describes her as "The gutsy one [...] She's just a lot of fun."<ref name=Magazine></ref> Macklowe was featured on AvenueInsider's "Best Dressed New Yorkers" list<ref name=AI></ref> and as Vogue's "it" girl in July 2008.<ref>Hruska, Rachelle (29 Sept, 2008) [http://guestofaguest.com/socialites/julie-macklowe-the-new-tinsley-mortimer/ "Julie Macklowe, The NEW Tinsley Mortimer."] ''Guest of a Guest''. Retrieved 13 July 2011.</ref> |
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Macklowe has been photographed at various social and philanthropic events wearing a range of designers including [[Dolce & Gabbana]], [[Calvin Klein]], [[Balenciaga]], and [[Oscar de la Renta]].<ref name=Bazaar></ref> <ref>{{cite news |title=Indecent Exposure |author=Vanessa Lawrence |url=http://www.wmagazine.com/fashion/2008/10/indecent_exposure?currentPage=1 |newspaper=W |date=October 2008 |accessdate=18 July 2011}}</ref> She is also frequently photographed with the younger designers whose clothing she wears including [[Francisco Costa]],<ref>{{cite news |url=http://oneclick.indiatimes.com/photo/0gPJbb770T7SX |title=New York: 15 November |author= |date=15 November 2010 |work=India Times |publisher=Times Internet Limited |accessdate=18 July 2011 |deadurl=yes}} {{Dead link|date=February 2012|bot=RjwilmsiBot}}</ref> [[Jason Wu]], and [[Zang Toi]].<ref>{{cite web |url=http://www.fashionwindows.net/2011/06/zang-toi-julie-macklowe-2011-cfda-awards/ |title=Zang Toi + Julie Macklowe: 2011 CFDA Awards |author=Elgene Castueras |date=11 June 2011 |work=Fashion Windows |publisher=Elle Style Coalition |accessdate=18 July 2011}}</ref> She names her grandmother as her fashion inspiration, saying "My gradmother Dolly was always dolled up in Dior, Chanel, and other greats[...]She truly loved a 'statement piece.'"<ref name=Magazine></ref> Macklowe says her favorite wardrobe essentials are thigh-high boots, [[Christian Louboutin]] heels, and a pencil skirt.<ref name=Magazine></ref> Asked in an interview about her own style, she said "If you're not controversial, you're not doing it right...you have to take risks."<ref name=Bazaar></ref> |
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In December 2022, Macklowe's 45th birthday party made headlines for its high-profile 600-person guest list and risqué dress code of "leather and [[lingerie]]". The party, its guests, and fashion were featured in [[New York Magazine]].<ref>{{Cite web |last=Milliner-Waddell |first=Kelsie Schrader, Jenna |date=2023-01-05 |title=The Look Book Goes to Julie Macklowe's Birthday Party |url=https://www.curbed.com/2023/01/julie-macklowe-birthday-party-guests-photos.html |access-date=2023-01-27 |website=Curbed |language=en-us}}</ref> |
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⚫ | In 2011 Macklowe hosted her 34th birthday party, which also featured the launch of her new |
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Macklowe has been photographed at various social and philanthropic events wearing a range of designers including [[Dolce & Gabbana]], [[Calvin Klein]], [[Balenciaga]] and [[Oscar de la Renta]]. She has attended events such as [[the Couture Council]] and [[New Yorkers For Children|New Yorkers for Children]] fall gala.<ref name="Bazaar" /><ref>{{cite web|url=http://www.wmagazine.com/parties/2015/09/new-yorkers-for-children-fall-gala/photos/|title=Inside the New Yorkers for Children Fall Gala|author=Vanessa Lawrence|date=17 September 2015|work=W Magazine}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/bettinazilkha/2015/09/10/couture-council-honors-manolo-blahnik-raises-1-million-for-the-museum-at-fit/|title=Couture Council Honors Manolo Blahnik, Raises $1 Million for the Museum At FIT|author=Bettina Zilkha|work=Forbes}}</ref><ref>{{cite news |title=Indecent Exposure |author=Vanessa Lawrence |url=http://www.wmagazine.com/fashion/2008/10/indecent_exposure?currentPage=1 |newspaper=W |date=October 2008 |accessdate=18 July 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20121003132523/http://www.wmagazine.com/fashion/2008/10/indecent_exposure?currentPage=1 |archivedate=3 October 2012 }}</ref> Macklowe also collects [[ball gown]]s, some of which have been showcased in [[Alexander McQueen|the]] ''[[Alexander McQueen: Savage Beauty]]'' art exhibition at [[The Metropolitan Museum of Art]].<ref>[http://www.justmax.com/the-founders-cut-vbeaute-in-it-to-win-it/ "THE FOUNDER’S CUT: VBEAUTÉ, IN IT TO WIN IT."] ''JustMax''. Jan 19, 2012. Retrieved 13 September 2012.</ref><ref>[http://houston.culturemap.com/newsdetail/02-10-12-from-finance-to-fashion-julie-macklowe-uses-her-250-million-hedge-fund-wizardry-in-the-beauty-world/ "From finance to fashion: Julie Macklowe uses her $250 million hedge fund wizardry in the beauty world"] ''Culture Mag''. 02.10.12. Retrieved 13 September 2012.</ref><ref>[http://www.harpersbazaar.com/magazine/feature-articles/julie-macklowe-interview-0911 "A FASHIONABLE LIFE: JULIE MACKLOWE"] {{webarchive|url=https://web.archive.org/web/20111016223405/http://www.harpersbazaar.com/magazine/feature-articles/julie-macklowe-interview-0911 |date=2011-10-16 }} ''Harper's Bazaar''. August 25, 2011. Retrieved 13 September 2012.</ref> |
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== Activities == |
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⚫ | Early in her career, Macklowe created the “Learn to Invest” class for the all-girls Cathedral High School in New York.<ref>[ |
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==Philanthropy and other activities== |
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Macklowe currently sits on the Advisory Board of the McIntire School of Commerce and serves on the friends committees for both New Yorkers for Children and the [[Costume Institute]] at the [[Metropolitan Museum of Art]], to whom she has contributed four of the exhibit's gowns.<ref name=Bazaar></ref> She is also a founding advisory board member for Fashion Week at Lincoln Center.<ref name=School></ref> |
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⚫ | She is a philanthropist.<ref>{{cite web | url=https://iconiclife.com/marvelous-the-macklowe-single-malt/ | title=Marvelous Macklowe Single Malt }}</ref> Early in her career, Macklowe created the “Learn to Invest” class for the all-girls [[Cathedral High School (New York City)|Cathedral High School]] in New York.<ref name="Julie Lerner, William Macklowe.">[https://www.nytimes.com/2004/11/21/fashion/weddings/21LERN.html?_r=1&scp=1&sq=julie+lerner+macklowe&st=nyt "Julie Lerner, William Macklowe."] ''The New York Times''. 21 November 2004. Retrieved 10 July 2011.</ref> |
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Macklowe previously sat on the board of [[VH1]]’s [[Save the Music Foundation]].<ref>{{cite web|url=http://www.vh1savethemusic.org/about-us/our-team|title=Our Team|author=HD MADE|work=vh1savethemusic.org|date=24 January 2018 }}</ref><ref name="auto4">{{cite web|title=SweetCharity: VH1 Save The Music Foundation|url=http://www.hamptondaze.com/#!SweetCharity-VH1-Save-The-Music-Foundation/cmbz/55cb5bcd0cf25051ca251554|website=Hampton Daze|publisher=Hampton Daze Media|date=2015}}</ref> Macklowe and her husband co-chaired the annual concert dinner at their summer estate in the Hamptons for the VH1 Save the Music Foundation in 2015;<ref name="auto4" /><ref>{{cite web|last1=Laffey|first1=Kelly|title=Hamptons Stars Align to Save the Music|url=http://www.danspapers.com/2015/08/hamptons-stars-align-to-save-the-music/|website=danspapers.com|date=2015}}</ref><ref>{{cite web|last1=Bowers|first1=Courtney|title=Why VH1 Save the Music is Personal for Julie Macklowe|url=http://hamptons-magazine.com/why-julie-macklowe-supports-vh1-save-the-music|website=Hamptons-Magazine|date=2015}}</ref> the concert raised nearly $800,000.<ref>{{cite web|url=http://theredcarpetawards.com/2015/08/jason-derulo-rocks-the-hamptons/|title=Jason Derulo Rocks the Hamptons|work=theredcarpetawards.com|date=10 August 2015 }}</ref><ref>{{cite web|url=http://www.averagesocialite.com/2015/08/vh1-vh1-save-music-foundation-hamptons.html|title=Average Socialite™: VH1 & VH1 Save the Music Foundation Hamptons Live, Hamptons|work=averagesocialite.com|date=8 August 2015 }}</ref> |
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Macklowe is actively involved with the [[Seven Bar Foundation]], a non-profit which provides [[microfinance]] for impoverished women. She also serves on the friends committees for [[New Yorkers For Children|New Yorkers for Children]], a non-profit which focuses on the academic success of foster children, and the [[Costume Institute]] at the [[Metropolitan Museum of Art]], to whom she has contributed four of the exhibit's gowns.<ref>[https://www.wsj.com/articles/SB10001424053111903703604576584960373188074 "Charity Ushers In Fall Galas"] ''Wall Street Journal''. September 22, 2011. Retrieved 13 September 2012.</ref><ref>[http://www.wmagazine.com/enwiki/w/blogs/thedailyw/2011/09/21/new-yorkers-for-children-fall-gala.htm "AFTER HOURS: SCHOOL TIES"] {{webarchive|url=https://web.archive.org/web/20111229052451/http://www.wmagazine.com/enwiki/w/blogs/thedailyw/2011/09/21/new-yorkers-for-children-fall-gala.htm |date=2011-12-29 }} ''W Magazine''. September 21, 2011. Retrieved 13 September 2012.</ref><ref>[http://www.fashionweekdaily.com/the-fix/article/23641 "Vive Vivier!"] {{webarchive|url=https://web.archive.org/web/20140307071709/http://www.fashionweekdaily.com/the-fix/article/23641 |date=2014-03-07 }} ''Fashion Week Daily''. October 23, 2008. Retrieved 13 September 2012.</ref><ref>[http://www.pinkmemo.com/newyork/blog/seven-bar-foundation-dinner-celebrates-amazing-women/ "SEVEN BAR FOUNDATION DINNER CELEBRATES AMAZING WOMEN"] {{webarchive|url=https://web.archive.org/web/20120824093236/http://www.pinkmemo.com/newyork/blog/seven-bar-foundation-dinner-celebrates-amazing-women/ |date=2012-08-24 }} ''Pink Memo''. 06.15.2012. Retrieved 13 September 2012.</ref> |
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After [[Hurricane Sandy]] hit New York, Macklowe and her family offered to take refugees into their [[Upper East Side]] home.{{citation needed|date=July 2023}} |
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Macklowe sits on the advisory board of the [[University of Virginia]] [[McIntire School of Commerce]].<ref name="Bazaar" /> She is also a founding advisory board member for [[Fashion week|Fashion Week]] at [[Lincoln Center]],<ref name="School">[http://www.commerce.virginia.edu/aboutus/boards/advisoryboard/Pages/JulieLernerMacklowe.aspx "Julie Lerner Macklowe."] {{Webarchive|url=https://web.archive.org/web/20120621095837/http://www.commerce.virginia.edu/aboutus/boards/advisoryboard/Pages/JulieLernerMacklowe.aspx |date=2012-06-21 }} ''University of Virginia McIntire School of Commerce''. Retrieved 10 July 2011.</ref> the current Chairwoman of the [[Fashion Institute of Technology]]'s Couture Council,<ref>{{Cite web |title=The Couture Council |url=https://www.fitnyc.edu/museum/couture-council/index.php |access-date=2022-07-09 |website=www.fitnyc.edu}}</ref> and co-chaired the 2015 Couture Council Luncheon.<ref>{{cite web|url=http://guestofaguest.com/new-york/you-should-know/you-should-know-julie-macklowe|title=You Should Know: Julie Macklowe|work=Guest of a Guest|access-date=2015-09-21|archive-date=2024-04-21|archive-url=https://web.archive.org/web/20240421025905/https://guestofaguest.com/new-york/you-should-know/you-should-know-julie-macklowe|url-status=dead}}</ref> |
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Latest revision as of 16:17, 17 December 2024
Julie Macklowe (born Julie Lerner in December 1977) is an American socialite, philanthropist and entrepreneur, who married into the Macklowe family.
In 2021, she released The Macklowe, an American single malt whisky.[1][2] She previously founded vbeauté, a former skincare line for women.[3]
Early life and education
[edit]Macklowe was born in Aspen and raised in Arizona,[4] the daughter of Frank Lerner. She took over her grandfather's T-shirt company and transformed it into a women's sportswear company.[5] She completed her B.A. in economics and B.S. in commerce, graduating magna cum laude from the University of Virginia McIntire School of Commerce in 1999. It was there that she received an early induction into New York finance circles while taking John Griffin's class.[2]
Career
[edit]In 2000, Macklowe worked with Chase Capital Management (now JPMorgan Partners) in Seoul and Hong Kong, where she helped structure leverage buyouts.[5][6] Between 2003 and 2006, Macklowe was the managing director of Metropolitan Capital Management, and, in 2006, she joined the investment firm SAC, where she managed investment portfolios for Sigma Capital Management.
In 2009, backed by Millennium Partners, Macklowe opened her own $250 million hedge fund, Macklowe Asset Management.[7][8] In October 2010, Macklowe closed the fund to pursue her own investments in fashion businesses.[9] In an interview the following year, she said, "I haven’t looked at a stock since the day I left.”[10]
BaubleBar
[edit]In December 2010, Macklowe's first fashion industry investment, BaubleBar, launched with help from Accel Partners.[5] The online startup, sells jewelry directly from suppliers and designers, which normally work with retailers.[11] Macklowe helped the company in its initial fundraising efforts and currently sits on the company's board.[5]
Macklowe was the muse for Zang Toi, for his Spring 2013 collection and debuted on the runway show September 9, 2012.[12]
Vbeauté
[edit]Macklowe launched her own skincare company, Vbeauté on November 1, 2011.[13][14][15] Vbeauté started as a luxury, travel-friendly toiletry kit that meets TSA regulations for carry on luggage and was developed by CRB Cosmetics, a research lab in Switzerland. The inspiration for the company came in 2009, when she was flying to a friend's wedding in France, when her toiletries were confiscated by security. In 2011, the company raised $4 million and sold at 37 stores.[16][17] In September 2014, vbeauté launched a deal with the Home Shopping Network (HSN) to be sold exclusively at HSN and select boutiques.[18][19][20] Vbeauté sold a wide range of luxury skin care products, known for containing the Alpine Rose as a main ingredient.[21]
Vbeauté went out of business in 2019.[22]
The Macklowe
[edit]In December 2021, Macklowe launched The Macklowe, an American single malt whiskey. Macklowe is distilled in limited quantities, and, according to The New York Times, retails for $1,500.[23] It is available at various New York bars and restaurants.[24][25][26][27][28] Macklowe told The Wall Street Journal that decades of curating her own collection of whiskey inspired her to create her own brand.[29]
Macklowe partnered with Scottish distiller and blender Ian MacMillan, known for his work with Bunnahabhain and Bladnoch.[2][30] The brand follows a farm-to-table philosophy, which includes locally sourced malted barley.[31] The product is made, matured, and bottled in Kentucky using traditional bourbon production techniques, using a column still and copper doubler.[1][32] The product is bottled in hand-crafted, hand-painted bottles that are designed after flasks.[25][2]
Jean-Georges’ restaurants, Marea, Carbone, Le Pavillon, Casa Cipriani, and Bemelmans at the Carlyle all serve the brand.[2]
Personal life
[edit]In 2004, Julie married Billy Macklowe, son of Harry B. Macklowe, and founder of the William Macklowe Company. The couple lives in Manhattan and Long Island with their daughters.[33] In addition to their residence in New York City, the couple owns houses in both Aspen[34] and the Hamptons.[35]
In 2008, Macklowe was named Vogue magazine's "It Girl".[36]
In 2011, Macklowe hosted her 34th birthday party, which also featured the launch of her new vBeauté skin care line. The event was part of a cooperative effort to raise money for VH1's Save the Music Foundation.[14]
In December 2022, Macklowe's 45th birthday party made headlines for its high-profile 600-person guest list and risqué dress code of "leather and lingerie". The party, its guests, and fashion were featured in New York Magazine.[37]
Macklowe has been photographed at various social and philanthropic events wearing a range of designers including Dolce & Gabbana, Calvin Klein, Balenciaga and Oscar de la Renta. She has attended events such as the Couture Council and New Yorkers for Children fall gala.[10][38][39][40] Macklowe also collects ball gowns, some of which have been showcased in the Alexander McQueen: Savage Beauty art exhibition at The Metropolitan Museum of Art.[41][42][43]
Philanthropy and other activities
[edit]She is a philanthropist.[44] Early in her career, Macklowe created the “Learn to Invest” class for the all-girls Cathedral High School in New York.[45]
Macklowe previously sat on the board of VH1’s Save the Music Foundation.[46][47] Macklowe and her husband co-chaired the annual concert dinner at their summer estate in the Hamptons for the VH1 Save the Music Foundation in 2015;[47][48][49] the concert raised nearly $800,000.[50][51]
Macklowe is actively involved with the Seven Bar Foundation, a non-profit which provides microfinance for impoverished women. She also serves on the friends committees for New Yorkers for Children, a non-profit which focuses on the academic success of foster children, and the Costume Institute at the Metropolitan Museum of Art, to whom she has contributed four of the exhibit's gowns.[52][53][54][55]
After Hurricane Sandy hit New York, Macklowe and her family offered to take refugees into their Upper East Side home.[citation needed]
Macklowe sits on the advisory board of the University of Virginia McIntire School of Commerce.[10] She is also a founding advisory board member for Fashion Week at Lincoln Center,[56] the current Chairwoman of the Fashion Institute of Technology's Couture Council,[57] and co-chaired the 2015 Couture Council Luncheon.[58]
References
[edit]- ^ a b "Julie Macklowe's Latest Venture? An American Single-Malt Whiskey". Vogue. 2021-12-06. Retrieved 2022-05-26.
- ^ a b c d e "There's a New Whiskey Winning Over Wall Street". Bloomberg.com. 2022-05-09. Retrieved 2022-05-26.
- ^ Uticone, Christina (2012). "A SENSITIVE SUBJECT: SKIN CARE LINE VBEAUTÉ LAUNCHES IN HOUSTON". Houston Press. Houston Press LP.
- ^ Peter Davis (18 March 2011). "Chic of the Week: Julie Macklowe". Avenue Insider. Manhattan Media. Archived from the original on 13 July 2011. Retrieved 18 July 2011.
- ^ a b c d Clark, Evan (1 December 2010) "Julie Macklowe: Beginning with a Bauble." Women's Wear Daily. p 3-4.
- ^ "Julie Macklowe as Fashion Backer" Women's Wear Daily. December 1, 2010. Retrieved 13 September 2012.
- ^ "Katie Little. "A hedge fund manager’s unexpected, second act in cosmetics". CNBC, September 7, 2013. Accessed August 25, 2024.
- ^ Rubin, Julia (2012). "BEAUTY BEAT: Julie Macklowe Gives Us The Lowdown On vbeauté". STYLEITE. Styleite, LLC.
- ^ "Five Successful Female Entrepreneurs Who Pivoted Out of the Finance Industry" Forbes. 2/06/2012. Retrieved 13 September 2012.
- ^ a b c "Julie Macklowe: A Fashionable Life". Harper's Bazaar (September 2011): 504–509. Archived from the original on 2011-10-16.
- ^ Carter, Nicole (2 July 2012). "A Lot More Sparkle Than Morgan Stanley". Inc.com. Retrieved 6 March 2014.
- ^ "Zang Toi Gives A Sneak Peek Into His Spring 2013 Collection Ahead of New York Fashion Week [PHOTOS]". Ibtimes.com. 2012-08-31. Retrieved 2014-03-06.
- ^ "Belle of it All". Quest Magazine. Archived from the original on February 17, 2013. Retrieved December 28, 2012.
- ^ a b Heymen, Marshall (21 December 2011). "Swapping finance for facial products". article. wall street journal. Retrieved 2011-12-22.
- ^ Chang, Bee-Shyuan (7 December 2011). "Beauty as Their Business". The New York Times.
- ^ "After Hedge Funds, a Career Rejuvenation". Businessweek. 2012-02-02. Archived from the original on February 7, 2012. Retrieved 2014-03-06.
- ^ "A hedge fund manager's unexpected, second act in cosmetics". CNBC. 7 September 2013.
- ^ Cyk, Jayme (2014). "Vbeauté to Appear on HSN". WWD. Fairchild Publishing.
- ^ "HSN Previews Fall Fashions at New York Fashion Week". The Recessionista®. 22 September 2014.
- ^ "Beauty Spots" New York Times. May 29, 2012. Retrieved 13 September 2012.
- ^ "Vbeaute". 2013. Retrieved 8 March 2014.
- ^ "Vbeauté Company Profile: Valuation & Investors | PitchBook". pitchbook.com. Retrieved 2023-05-11.
- ^ Risen, Clay (2022-12-29). "Where Did All the Bargain Bourbon Go? Blame the Whiskey Mania". The New York Times. ISSN 0362-4331. Retrieved 2023-01-27.
- ^ Julie Macklowe Couldn't Find an American Single Malt Whiskey to Her Liking—So She Made One Herself; Town & Country Mag; [1]
- ^ a b Julie Macklowe Launches Luxury American Single Malt Whiskey; WWD;
- ^ Julie Macklowe’s Latest Venture? An American Single-Malt Whiskey; Vogue; [2]
- ^ Holiday Gift Guide 2021: Best Whiskeys And Whiskies Made By Women; Forbes; [3]
- ^ Julie Macklowe Brings Luxury To American Single Malt With $1,500 Whiskey; Spirited Zine; [4]
- ^ Taylor, Candace (15 December 2022). "Sure, You've Got a Wine Cellar. What About a Whiskey Lounge, or a Tequila-Tasting Room?". Wall Street Journal. Retrieved 2023-01-27.
- ^ "The Team". The Macklowe. Retrieved 2022-05-31.
- ^ "Our Process". The Macklowe. Retrieved 2022-05-31.
- ^ "Cask Nº60". The Macklowe. Retrieved 2022-06-02.
- ^ Gordon, Kazakina (11 March 2020). "Wealthy New Yorkers Flee to Hamptons, Hudson Valley to Escape Virus". Bloomberg. Retrieved July 26, 2020.
- ^ Carroll, Rick (18 January 2015). "Aspen penthouse sells for $13.2 million". www.aspentimes.com. Retrieved 2022-06-02.
- ^ "Glimmers of Light Downtown". The New York Times. 31 October 2012.
- ^ "Vbeauté takes flight". WWD Magazine. Retrieved December 28, 2012.
- ^ Milliner-Waddell, Kelsie Schrader, Jenna (2023-01-05). "The Look Book Goes to Julie Macklowe's Birthday Party". Curbed. Retrieved 2023-01-27.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ Vanessa Lawrence (17 September 2015). "Inside the New Yorkers for Children Fall Gala". W Magazine.
- ^ Bettina Zilkha. "Couture Council Honors Manolo Blahnik, Raises $1 Million for the Museum At FIT". Forbes.
- ^ Vanessa Lawrence (October 2008). "Indecent Exposure". W. Archived from the original on 3 October 2012. Retrieved 18 July 2011.
- ^ "THE FOUNDER’S CUT: VBEAUTÉ, IN IT TO WIN IT." JustMax. Jan 19, 2012. Retrieved 13 September 2012.
- ^ "From finance to fashion: Julie Macklowe uses her $250 million hedge fund wizardry in the beauty world" Culture Mag. 02.10.12. Retrieved 13 September 2012.
- ^ "A FASHIONABLE LIFE: JULIE MACKLOWE" Archived 2011-10-16 at the Wayback Machine Harper's Bazaar. August 25, 2011. Retrieved 13 September 2012.
- ^ "Marvelous Macklowe Single Malt".
- ^ "Julie Lerner, William Macklowe." The New York Times. 21 November 2004. Retrieved 10 July 2011.
- ^ HD MADE (24 January 2018). "Our Team". vh1savethemusic.org.
- ^ a b "SweetCharity: VH1 Save The Music Foundation". Hampton Daze. Hampton Daze Media. 2015.
- ^ Laffey, Kelly (2015). "Hamptons Stars Align to Save the Music". danspapers.com.
- ^ Bowers, Courtney (2015). "Why VH1 Save the Music is Personal for Julie Macklowe". Hamptons-Magazine.
- ^ "Jason Derulo Rocks the Hamptons". theredcarpetawards.com. 10 August 2015.
- ^ "Average Socialite™: VH1 & VH1 Save the Music Foundation Hamptons Live, Hamptons". averagesocialite.com. 8 August 2015.
- ^ "Charity Ushers In Fall Galas" Wall Street Journal. September 22, 2011. Retrieved 13 September 2012.
- ^ "AFTER HOURS: SCHOOL TIES" Archived 2011-12-29 at the Wayback Machine W Magazine. September 21, 2011. Retrieved 13 September 2012.
- ^ "Vive Vivier!" Archived 2014-03-07 at the Wayback Machine Fashion Week Daily. October 23, 2008. Retrieved 13 September 2012.
- ^ "SEVEN BAR FOUNDATION DINNER CELEBRATES AMAZING WOMEN" Archived 2012-08-24 at the Wayback Machine Pink Memo. 06.15.2012. Retrieved 13 September 2012.
- ^ "Julie Lerner Macklowe." Archived 2012-06-21 at the Wayback Machine University of Virginia McIntire School of Commerce. Retrieved 10 July 2011.
- ^ "The Couture Council". www.fitnyc.edu. Retrieved 2022-07-09.
- ^ "You Should Know: Julie Macklowe". Guest of a Guest. Archived from the original on 2024-04-21. Retrieved 2015-09-21.