TOKYO -- In an effort to build its presence in the Chinese consumer market, Itochu Corp., a leading Japanese trading company, next year plans to begin producing garments in Ningbo in partnership with Ningbo Youngor Group Co., one of China's largest...
TOKYO--In an effort to build its presence in the Chinese consumer market, Itochu Corp., a leading Japanese trading company, next year plans to begin producing garments in Ningbo in partnership with Ningbo Youngor Group Co., one of China's largest apparel manufacturers.The joint-venture company, Ningbo Youngor Knitting Dyeing & Finishing Co., will build an integrated knitting, dyeing and sewing plant that is expected to go into operation in January with an annual capacity of eight million pieces of knitwear for sale on the domestic Chinese market.The planned facility, according to a company spokesman, will be capable of producing 2,400 metric tons of circular-knit fabric and dyeing 7,200 tons of fabric annually. It is expected to employ about 950 workers. The project will produce casual sportswear that will be sold through Youngor's 1,300 shops throughout China.Beijing is scheduled to host the 2008 Olympic Games. With Chinese consumers becoming wealthier and more fashion conscious, and athletics expected to be a major subject of local interest in the buildup to the Olympics, the companies anticipate rising demand for sporty clothing in the coming years.The joint-venture firm, capitalized at $20 million, is funded 70 percent by Youngor, 20 percent by Itochu, 6 percent by the Hong Kong investment firm Suntex Hong Kong Ltd. and 4 percent by Matsunaga Co., a Japanese apparel manufacturer based in Ichinomiya, near Nagoya.Itochu is one of the growing number of Japanese companies setting up textile and apparel manufacturing in China, which has become a member of the World Trade Organization and is obligated to open up its market to foreign investment under that organization's rules.The coastal area along eastern China centering on Shanghai is becoming China's largest apparel production center, where one-half of China's apparel production is concentrated, Itochu said.The Japanese trading firm has already invested in four other major projects in China: Jic Garments (Ningbo) Co., which produces 120,000 suits a year; Ningbo Notokinu Industry Co., which makes 1.7 million linear yards of interlining; Ningbo Veken Textile Co., which produces 12,000 tons of spun yarn, and Ningbo Sunrise Textile Dyeing & Finishing Co., which dyes 27.5 million linear yards of fabric.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
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For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@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)