Yesterday I had the pleasure of viewing the first collection by Ivy Higa, a Hawaiian-born and Parsons-trained designer who has worked for Donna Karan and Lafayette 148 New York. In a small, dim warehouse space in Midtown, Ivy H. showed a small but cool and pleasing white, beige, and taupe collection. Inspired by Akari Japanese lanterns, the collection is meant to be “convertible,” according to the literature, and can go from “day to evening” with “the roll of a sleeve or cuff of a pant leg.” What could be better in this economy? If you’re planning an island vacation, an Ivy H. look could take you from the beach bar to an elegant dinner with the snap of a finger–or roll of a cuff.