SHANGHAI — Nearly two years ago, the Chinese government unveiled a massive plan to overhaul a fledgling national textile industry facing turmoil over rising labor and material costs, the emergence of price-competitive manufacturing bases in countries such as Vietnam and Cambodia and falling exports to ailing economies in the West.
That plan, released in early 2012 by the Ministry of Industry and Information Technology, called for manufacturers to invest heavily in research and development to upgrade the quality of fabrics to increase global competitiveness. The plan also called for the relocation of more factories to interior provinces to tap into a migrant labor force less willing to move to coastal regions to work and for government subsidies aimed at moving industry to more rural areas.
“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)