March 26, 2003: Class Notes
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Class Notes Profile:
Nicole Lorenzo, left, and Jennifer Somer make lingerie for the fashion-conscious.
Two years ago Nicole Lorenzo 96 and a colleague in the Gaps lingerie division stumbled on a revelation: Women have only two choices when choosing underwear: either plain and comfortable or sexy but impractical. We were both dissatisfied with what was out there in the market, says Lorenzo.
Convinced that they could come up with a line of underwear that would satisfy fashion-conscious women but also stand up to frequent use, Lorenzo and her partner, Jennifer Somer, started researching the market as they finished up their M.B.A.s, Lorenzo at Stanford and Somer at Columbia. The pair put together a business plan, found a designer, and lined up start-up funds. Their new company, Zoë San Francisco (www.zoesf.com), launched its first line a year ago and recently came out with its spring/summer 2003 collection.
We feel theres no one else doing what were doing, in the U.S. says Lorenzo, who majored in economics with a certificate in Latin American studies. Our goal is to choose fabrics that feel beautiful next to the skin, and are machine washable, she says.
Using fabrics discovered in Paris and exotic colors such as jasmine (deep purple), canyon (deep pink), and agave (turquoise blue), the young start-up is selling its sexy but comfortable lingerie to high-end boutiques like Fred Segal in L.A. and Mixona in New York City, and this spring started distributing to department stores. Priced at about $45 per bra and $20 for panties, Zoës products arent cheap, but they arent as expensive as European brands, says Lorenzo, who wears only her own creations.
Were like the Kate Spade of lingerie, says Lorenzo, who is involved in every aspect of the business, from stuffing envelopes to choosing a manufacturer in Vietnam. Lorenzo admits the business can be stressful, but that doesnt dampen her enthusiasm. Ive always wanted to be an entrepreneur, says Lorenzo. I feel really, really, really lucky. I never thought it would be as fun as it is.