NEW YORK — With the dollar tumbling to new lows against the euro, Italian clothing makers exporting to the U.S. are having to make an unenviable choice: Either increase retail prices or pinch their margins. But as Europe’s luxury suit makers prepare for a squeeze this coming fall, another group is celebrating—the Americans.
For the handful of tailored clothing manufacturers still based in the U.S., the slumping dollar is helping keep their prices steady, while their counterparts across the pond are raising prices by as much as 15 percent—a reality the Americans hope will make their products more attractive to consumers.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)