FERGIE FORWARD: Sarah Ferguson, the Duchess of York, plans to unveil a home fragrance line this week, a move that follows news last week of Ferguson’s collaborations on two eponymous jewelry lines. Ferguson has created a line of candles in five fragrances in conjunction with Limited Brand’s Slatkin & Co. business unit, which are slated to launch in April at Bath & Body Works flagships. Ferguson and Slatkin & Co. founder Harry Slatkin are planning to stage a “media tea” at the Lowell Hotel in Manhattan Thursday afternoon.
JONES APPAREL APPOINTMENTS: Jones Apparel Group Inc. has named Gregg Marks to lead its dress division. Marks joined Jones three years ago as chief executive officer of the suit division after Jones acquired Kasper, where he was president. He will add dress oversight to his current responsibilities. Marks succeeds Barbara Kennedy, who is pursuing interests outside of Jones. Mark Mendelson, chief merchandising officer, will continue to provide overall design direction for the dress division. Based in New York, both men report to Lynne Cote, ceo of wholesale sportswear, suits and dresses. In other Jones news, Frits D. van Paasschen, president and ceo of Coors Brewing Co., has been elected to the board, effective Thursday.
OECD ECONOMIC FORECAST: China’s economy is forecast to grow by 10.3 percent in 2007 and 10.7 percent in 2008, after expanding by 10.6 percent this year, the Organization for Economic Cooperation & Development said Tuesday. The Paris-based group’s latest “Economic Outlook” also urged Beijing to take steps to further appreciate its currency. Combined with relaxation of fiscal policy, this “would help shift demand from net foreign trade to domestic demand and reduce the external surplus,” said the report, which also noted that China’s current account surplus is projected to “rise continuously, reaching $285 billion by 2008.” The OECD forecasts a slowdown in growth for the U.S., from this year’s estimated 3.3 percent increase to 2.4 percent before edging upward to 2.7 percent in 2008. Growth in India, Asia’s second-largest emerging economy, is expected to increase by 8 percent this year and 7.5 in 2007.