HARRODS’ EARLY WINTER: Harrods is getting a jump on the sale season, moving its annual January sale forward to Monday, Dec. 30. The store usually starts its sale — an annual feast for fashion lovers — the first Wednesday in January,...
HARRODS’ EARLY WINTER: Harrods is getting a jump on the sale season, moving its annual January sale forward to Monday, Dec. 30. The store usually starts its sale — an annual feast for fashion lovers — the first Wednesday in January, which this year happens to fall on New Year’s Day. "We’ve been planning this for many, many months now. New Year’s Day usually draws fewer customers, so it made simple business sense to switch the dates," said a Harrods spokesman. Might it also have to do with Harrods’ current sales performance? As reported, for the 2001 fiscal year that ended in January 2002, the store expects to report a drop in profits. A spokesman, however, described sales in the current year as "very vigorous."
TRADE OFFICIAL LEAVING: Rosa Whitaker, who was instrumental in pushing a bill through Congress granting trade breaks to sub-Saharan African nations in 2000, is leaving her position at the Office of the U.S. Trade Representative at the end of the year. Whitaker, assistant trade representative for Africa, emphasized development of apparel and textile industries as a means to spur economic growth in underdeveloped countries. Imports from sub-Saharan African nations eligible to participate in the African Growth & Opportunity Act grew about 21 percent to 278 million square meters equivalent for the year ending August and represented 0.78 percent of the U.S. import market, according to the U.S. Commerce Department.
DIAMOND ACCORD: The World Diamond Council, the international diamond trade group, issued a statement Tuesday expressing its support for the certification scheme adopted by a meeting this week of the Kimberley Process group in Interlaken, Switzerland. Ministers from more than 50 countries endorsed intergovernmental measures to create tougher regulations and end the trade in so-called conflict diamonds. The term refers to diamonds and proceeds from diamonds which are used to support armed conflict in areas such as Angola and Sierra Leone.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion