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Good news, Harvard graduates! Your esteemed university has handed over its vaunted name to Wearwolf Group, a garment maker that plans to "take advantage of a taste for seersucker, khakis, loafers and other 'preppy' attire" with a line of clothing called "Harvard Yard." According to Wearwolf, which has done work for other prestigious brands in the past like Jos. A. Bank, trousers will start at $195, shirts will retail for $160 and up, and sportcoats will go for $495, and they will all "reflect Harvard's quality, heritage and excellence." Even better: It shouldn't be long before the university is able to begin serving hot meals to students once again. [Bloomberg via Dealbreaker]