- PLEA ON FIRST SALE RULE: A bipartisan group of 17 senators is urging Homeland Security Secretary Michael Chertoff to withdraw a proposed rule change that would force U.S. companies to pay millions of dollars in additional duties on the products they import. The U.S. Customs & Border Protection Agency plant has drawn both lawmakers and company executives. The rule allows a firm to determine the value of an imported finished product on its cost at the point of first sale in the supply chain, such as factory to wholesaler. The proposal would peg the final value to the point of importation, generally meaning the actual wholesale price. Since Customs calculates duties based on the value of a product, if the new rule is implemented companies would pay higher duties because the value of the product increases as it moves along the supply chain.
-COSTA HONOR: Francisco Costa, who has been nominated for women's wear designer of the year at the 2008 CFDA Fashion Awards, is set to receive the Philadelphia University Spirit of Design Award on April 30. Costa, creative director of Calvin Klein Collection, will get the award during the university's "Eco Couture" fashion show at the Academy of Music in Philadelphia.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)