MILAN — Seeking common ground and new business opportunities are top priorities for the Italian and Chinese fashion and textile industries, increasingly so in light of the uncertain global economy and the first signs of a slowdown in China.
It’s a slowdown, Cesare Romiti, president of the Fondazione Italia Cina, quickly put into perspective at the Milano Fashion Global Summit, held here Friday, just as the European Central Bank unveiled its bond plan and said it was prepared to print money. “Gross domestic product in China is up 7 percent compared with the previous 10 percent growth for decades, a rate that is not even imaginable in the West,” he said of the Asian country that is expected to account for 20 percent of the global luxury market in 2015, according to McKinsey & Co.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)