GENEVA — Apparel production in developing countries, led by gains in China, Indonesia and Turkey, increased 3.6 percent in the fourth quarter of 2012 compared to the same period the year before, but the sector came in below the 7.5 percent increase in total manufacturing in developing countries due to a decline in consumer demand in recession-hit Europe and slack growth in other industrialized nations, a United Nations report said.
The prospect for growth in manufacturing in developing economies for 2013 “greatly depends on the recovery trends in industrialized countries and policy measures adopted by developing countries,” said the report by the Vienna-based U.N. Industrial Development Organization.
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)