MILAN — An agreement aimed at improving relations between Italy and China was signed here Wednesday and marked a significant change of attitude within the nation's fashion industry toward the Asian giant, which until recently was viewed by most Italian entrepreneurs as a danger rather than an opportunity.
As the Chamber of Fashion divulged stagnant economic trends for 2008, with a projected growth in sales of only 1 percent to 70.23 billion euros, or $102.63 billion at current exchange, China was highlighted as "the only big economy that continues to show dynamism."
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)