The Retail Sector

Muffie Benson-PerellaMuffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a "Bulge Bracket" bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column "Heard in the Suite" is a probing (and, ahem, fictional) weekly look into the secret lives and behind the velvet curtains of the investment banking world.

The people at work are entirely boring. No one goes out on Thursday.

The Managing Director in my group told me that I have to start thinking about industry areas I want to work in after my rotation in the Associate Ambassador program comes to an end. (I got into the Associate Ambassador program at work and it is just amazing, but that's another story). Personally, I think it is stupid that they don't let people be Ambassadors for their whole career, but Derek, my friend in the office, suggested that I should keep my opinion on this to myself.

I looked at the practice areas in the firm to see something that interested me. "Retail" seemed an obvious choice so yesterday I spent some time yesterday doing some research.

cole haan
I think it is wonderful that Cole Haan is in the British Empire building.
They really are getting the most out of the crest here.

gucci
Gucci, on the other hand, has a totally bland presence.
It is hard to imagine that they think this is a good use of their real estate assets.


Since my condo has a huge issue with the paint and I had to find a place to stay I looked at some of the hotels nearby.

war.jpg
I went into the Warwick but I can't imagine staying there. Seriously.

hil.jpg
Nope.

rue.jpg
Susan called me in the middle of my research and wanted to meet for Lunch.
Since it was about 2:00 already I met her at Rue 57.
The weather was fantastic yesterday so we sat outside
but our waitress was a horror so we left.

uni.jpg
The University Club is much more civilized. My father is a member there.
We had a few cocktails.
Let me tell you, the service is much better here and the building is so pretty.
There is a Real Estate practice at the firm. I'm thinking that might be a good approach.



Since we were right next door I called and got a room at the Peninsula.

Erica called Susan and said she wanted to have a quick drink before she went back to London but Susan got in trouble for talking on the phone in the University Club. We kind of forgot that she called until we were already headed to Susan's place after I dropped my day bag at the hotel so Erica was pissy and said she was just going to head to the airport. Susan felt bad so we talked to Erica while she got onto the helicopter to head to Teterboro and meet her jet.

sun.jpg
Susan is sure this is Erica's helicopter in this picture but I'm not convinced.
I hate the West Side but I have to admit that the views from Susan's place are pretty nice. She lives on the top floor.

hot.jpg
After Susan's place we went to Hotel Gansevoort for some more drinks.
As you can see, the crowd is pretty scruffy. Lots of jeans.



Eric von Brook called Susan. Apparently it was his birthday and he was having a party at Cain so we headed there. We hadn't really been expecting to go out anywhere so Susan wasn't really dressed for Cain. This guy at the door, "Jamie" was a real asshole and wouldn't let her in even though we said we were with Eric's party so I had to say goodnight to her. Jamie needs a major makeover, let me tell you.

clu.jpg
Here's Eric. Cain has really gone downhill. This picture didn't turn out so well.
I need to learn to use the flash.


I didn't make it back to the hotel really because of this guy, he's a friend of Eric's, so I have to pick my bag back up later. I'm really tired today, I have a headache, I need a nap and it's Friday so I'm not going into the office.

Comments

Posted by MBA_Overlord, Mar 31, 2006 9:48AM

Muffie,

Your daily screeds inspire me. As I toil away on my DCF analysis, I think of you. I imagine how wonderful it would be to gaze upon your patrician countenance.

I yearn to hear the dulcet tones of your patrician voice. Those golden locks of yours ensnare my heart. That perfect button nose commands my soul. The very thought of you buffets my essence just like a 75 basis point Fed Funds rate hike rocking the stock market. You haunt me.

You are my public and private equity Muse.

With eternally unrequited affection,

MBA_Overlord

Posted by Finally..., Mar 31, 2006 9:52AM


Finally a worthy and appropriate comment...

Posted by Muffie Benson-Perella, Mar 31, 2006 10:06AM

MBA:

Can you be a dear and pick up my bag from the Peninsula? I'm not going to make it out of the house today.

Posted by MBA_Overlord, Mar 31, 2006 10:39AM

Muffie,

I shall bring you your bag. For a chance to gaze into the liquid depths of your eyes I would build any number of multiple scenario LBO models. My heart races in anticipation. It leaps like an eToys secondary in 2000. The anticipation of a kind glance, a brief touch, an exchanged pleasantry. Oh my, the very anticipation!

Waiting with bated breath,

MBA_Overlord.

Posted by Muffie Benson-Perella, Mar 31, 2006 10:48AM

Just leave it with the guy downstairs. I think I have the flu or something.

Don't let him give you an impression, he's temporary. It's really one of the best buildings in the city.

Posted by Nonplussed in New York, Mar 31, 2006 11:01AM

"Can you be a dear and pick up my bag from the Peninsula? I'm not going to make it out of the house today."

Wait. I'm confused. Where are you? I can see you're not at the hotel. You're obviouisly not at Friend-of-Eric's place because, well, that would be weird. It's Friday, so the office is out of the question. And I thought your place had an issue with the paint--wasn't it that it made your mother ill?--that forced you out temporarily. Has that been remedied? Are you elsewhere? Or is my reading comprehension no longer up to par?

Posted by Muffie Benson-Perella, Mar 31, 2006 12:04PM

Wait. I'm confused. Where are you?

I'm home. Duh.

Gee, I'm sorry I didn't keep you up to date EVERY SINGLE SECOND. I couldn't post my article from his place or anything. What kind of girl says "That was great, can I use your wireless" ? Besides, he said he didn't remember the encryption code or whatever.

Besides, he had to work early this morning and so I had to leave right away. He's busy, you know. He's a VP at Goldman. I don't do casual sex. We're going out again. He said he'd call me maybe this weekend.

And if this is an attempt to get me to talk about my night with Eric's friend the Goldman VP you can just forget it.

It's not that kind of column.

The paint's not dry but it was the color that was the issue in the first place. I guess it will lighten up a little as it dries too. At least its livable here now since it's proper taupe now instead of that awful camel color.

I'll type more later. I need to go take another shower and brush my teeth again.

Posted by LOL, Mar 31, 2006 1:00PM

Did you swallow like a good Gentile?
Yummy.

Posted by Christian, Mar 31, 2006 3:27PM

It's not that kind of column.

That's absurd.

Posted by Daniel M. Harrison, Mar 31, 2006 4:22PM

Look forward to more of these sorts of mornings in London: the scene there is totally alcoholic!

Posted by noted, Mar 31, 2006 8:59PM

Quite obviously, it's the unfunny, say goodbye to this month's advertisers cause they're never coming back kind of column.

Posted by Blah, Apr 02, 2006 10:26AM

Holy shit. Is this a parody of a snobbish rich NY girl's life ? This is not real, is it ?

Posted by Muffie Benson-Perella, Apr 02, 2006 1:12PM

Holy shit. Is this a parody of a snobbish rich NY girl's life ? This is not real, is it ?

That doesn't even deserve the dignity of a response.

Look, "Blah," any undergrad with an internet connection can toss around criticism. Why not try to be constructive. Tell us how YOU arrived at a decision about which banking group to work with. Or, aren't you in the investment banking division at all? If that's the case there really isn't much for you to contribute, is there?

Posted by allan, Apr 04, 2006 5:40PM

Ms Benson - Perella,

If you ever burn out on Goldman VPs and Investment banking, you have an excellent career in either architecture or chastising memoir authors who make most of it up.

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