Shuttered Fashion Foundation Gen Art Returns to Pay Its Debts

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Fashion incubator Gen Art closed last spring, abruptly canceling its upcoming shopping events and stiffing a number of young designers who'd paid booth fees in order to participate. Now, the foundation is trying to make amends with a benefit at Good Units at the Hudson Hotel tonight. Hosts include a panel of stars—Edward Norton, Kate Mara, Whitney Port and Vena Cava’s Lisa Mayock and Sophie Buhai, among others—and all proceeds go to paying back young designers and filmmakers.

Gen Art co-founder Ian Gerard tells WWD: "We expect it to fully reimburse any designers for losses suffered and hope that it removes the small mud stain created on an otherwise strong record of supporting emerging fashion talent for 15-plus years.” This isn't a full-fledged resurrection quite yet, but they're hoping to officially relaunch later this fall.
· Gen Art Leaves Behind Duped Designers, Thwarted Job-Seekers [Racked NY]
· Making Things Right [WWD]