• FREE-TRADE PACTS SIGNED: President Bush signed legislation Wednesday, creating tariff-free trade with Singapore and Chile. The free-trade agreements are seen by the White House as models for a Central American Free Trade Agreement, much to the dismay of apparel importers who are pressing for CAFTA to make more allowances for foreign fabric to be used in apparel receiving duty-free treatment.

  • MILAN WAITING TO UNDRESS: The new innerwear and beachwear trade fair, Un-dress, which was scheduled to bow in Milan Sept. 14-16, has been canceled and the first edition will take place in January. “The major companies that were going to participate had closed their budgets until January,” said a spokeswoman for EXPOcts, the fair’s organizer. Instead, major lingerie and swimwear firms will present a fashion show at the Milan fairgrounds on Sept. 28, near the start of the city’s ready-to-wear runway shows. The fair was intended as an alternative to Bologna’s Intimo Intimare fair, which shuttered its doors last year. Around 100 exhibitors were expected to show innerwear and swimwear in the medium-to-high price range. The organizers had planned for the event to be biannual, with editions in September and January.

  • STYLIST SENTENCED: Derek Khan, the stylist who pawned jewelry from Graff, Harry Winston, Piaget and others, was sentenced Wednesday to three years in prison by Manhattan Supreme Court Justice Micki Scherer. Khan, who pleaded guilty to scheme to defraud, was arrested on March 5 and charged with first-degree grand larceny for borrowing expensive jewelry, and then selling it to pawn shops around the city. Khan, a native of Trinidad, is a well-known celebrity stylist and has worked with artists and entertainers including Lil’ Kim, Tyra Banks and Aretha Franklin. The value of the jewelry he fingered was estimated at about $1.5 million, according to court papers.

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