NEW YORK--Fab Industries is reportedly close to acquiring Andrex Industries, a deal that would join two prominent knit fabric firms. Sources said the two firms have been negotiating for at least three weeks. Neither Samson Bitensky, Fab's chairman, president and chief executive officer, nor Stephen Gottdiener, president of Andrex, would comment on the report. Fab is the U.S.'s fifth largest knitter; Andrex is one of the premier circular novelty knitters in the U.S. "I think it would be a good move for Fab, because Andrex is a top supplier of novelty fabrics, particularly jacquards," said an executive from a knitting firm who requested anonymity. "[Jacquards] are something that haven't been one of Fab's strengths, although they do a lot of other things very well." Fab, a warp and circular knitter, specializes in nylon tricots, flannels, suedes, novelty fabrics, fleeces, meshes and various types of laces. Some of its novelties are done as double knits. The firm has knitting facilities in Amsterdam, N.Y., and the North Carolina cities of Lincolnton, Maiden, Cherryville and Salisbury. Fab posted sales of $189.6 million for the fiscal year ended Nov. 27, 1993. It is expected to announce its 1994 figures later this month. In the nine months ended Aug. 27, earnings fell 16.6 percent to $10.2 million as sales declined 3.5 percent to $137.9 million. Andrex is privately held and doesn't release sales figures. Industry executives said the firm does between $35 million and $45 million. Andrex has facilities in Asheville and Zebulon, N.C.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia