- ASIAN GROWTH TO MODERATE: Emerging economies in the Asia-Pacific region are forecast to have a moderation in growth to 7.7 percent in 2008, down from 8.2 percent last year, as a result of the U.S. economic downturn, a United Nations report predicted. China and India are expected to be the least impacted and to notch above-average growth, with China's economy growing 10.7 percent, down from 11.4 percent last year, on the strength of exports. India is estimated to maintain growth this year at 9 percent, the same as 2007. But the U.N.'s "Economic and Social Survey of Asia and the Pacific 2008" warned the U.S. housing credit crisis "is still unraveling" and could result in further turmoil in financial markets. A sharp downturn could severely hit Taiwan, Singapore and South Korea, triggered by falls in exports to the U.S., and also hurt exports from Indonesia, Thailand, the Philippines and Malaysia. - VF PROMOTES BAXTER: VF Corp. has promoted Scott Baxter to president of the company's $988 million imagewear coalition. Baxter, 43, replaces Ed Doran, who has departed. Baxter joined VF in November 2007 as president of the imagewear segment's activewear division, which markets apparel for the National Football League, Major League Baseball, National Hockey League, National Basketball Association and Harley-Davidson. He will report to Eric Wiseman, president and chief executive officer.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.