CITA SAYS NO: The Committee for the Implementation of Textile Agreements on Friday published its denial of a short supply request by the Dow Chemical Co. under the African Growth & Opportunity Act and the Caribbean Basin Trade Partnership Act.
The preferential import law largely requires U.S. textiles to be used to receive duty-free status and also requires all dyeing, printing and finishing of fabrics to be carried out in the U.S.
But the law allows garments made of non-U.S. materials to qualify for duty-free status if they are not commercially available in the U.S. CITA denied a request for the use of non-U.S. lastol elastic yarn in apparel from such yarns or from U.S.-formed fabric containing the yarns.
GRAND DESIGN: In a coup for editor in chief Glenda Bailey, Harper’s Bazaar said Friday that Katie Grand would join the magazine as a contributing fashion editor. This confirms a report in WWD April 11.
It will be Grand’s first time working extensively with an American-based fashion magazine. Grand, a London-based stylist, is currently the editor of Pop, the U.K-based, biannual fashion title owned by Emap plc.
She has also styled campaigns for Missoni, Bottega Veneta, Nike, and Prada. Bazaar will also gain the services of Mert Alas and Marcus Piggott, the fashion photography duo with whom Grand most frequently works.
BIDDING FOR SELFRIDGES: Selfridges, the London-based department store, has given potential bidders 10 days, or until May 6, to submit takeover offers for the company, according to a report in The London Sunday Times.
The newspaper reported that the store had received a bid last week from Tom Hunter, the Scottish retail entrepreneur, valuing the company at approximately $793 million based on current exchange rates.
Earlier this month, Selfridges confirmed in a statement that it had been approached by an unnamed party, believed to be Hunter, about a takeover, while other potential bidders have been identified as Goldman Sachs and Galen Weston, the Canadian billionaire.
Selfridges executives declined to comment on the report.