- METRO NET UP 14.8%: The Metro Group raised its sales-growth forecast to over 9 percent based on the retail giant's strong performance in the first nine months of the year. The firm's original forecast called for sales growth of 8 to 9 percent. In the third quarter the company, which operates the globally active Metro Cash & Carry stores, Real hypermarkets and Extra supermarkets, the Media Markt, Saturn electronics stores and Galeria Kaufhof department stores, posted earnings before interest and taxes that gained 14.8 percent to 323 million euros, or $443.9 million, on a group sales increase of 10.8 percent to 15.7 billion euros, or $21.57 billion. Dollar figures are at an average exchange rate.
-TEXTILES AND DUMPING: Textiles had the second-largest number of antidumping measures imposed in the first six months of 2007, a World Trade Organization report said. Chemicals exports were the most affected with 12 of the 57 measures, followed by textiles with 11. Dumping occurs when an exporter sells a product abroad at a lower price than the country of origin or below cost. Products exported from China accounted for 22 of the 57 measures. India reported the largest number of cases in which it imposed antidumping duties with 16. Exports from China were most targeted for the initiation of antidumping investigations, with 16 of 49 cases.
-THE BFC GETS A BOOST: The London Development Agency, which promotes economic growth in the city, has increased its funding for the British Fashion Council to 4.28 million pounds, or $8.8 million, over the next three years. The funding, which has been in place since London's spring shows held in September, is intended to support the city's emerging designers, the implementation of recommendations made as part of the city's Model Health Inquiry and London Fashion Week. Previously, the LDA's funding of 620,000 pounds, or $1.2 million, over three years was earmarked only for London Fashion Week. "The London Development Agency wants to develop London's fashion industry and to promote emerging talent, to maintain London's position as a leading global city," said the LDA in a statement. "London Fashion Week alone brings 100 million pounds ($204 million) to the capital." The LDA plans to draw up an action plan with the BFC, which will include helping to protect models' health and welfare.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews