GENEVA — High global oil prices and their domino effect on the costs of materials used to manufacture synthetic fibers such as polyester, viscose rayon and nylon are expected to intensify pressure on producers to pass on the costs.
Moncef Hadhri, chief economist for the European Chemical Industry Council, also known as Cefic, said the trend in oil prices is pushing up prices for chemicals.
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)