LI & FUNG PROFITS UP SLIGHTLY: Sourcing powerhouse Li & Fung Ltd. said its first-half profits rose 0.6 percent to $43.6 million, on a 5.4 percent increase in sales to $1.83 billion. (Dollar amounts are converted from the Hong Kong dollar at current...
LI & FUNG PROFITS UP SLIGHTLY: Sourcing powerhouse Li & Fung Ltd. said its first-half profits rose 0.6 percent to $43.6 million, on a 5.4 percent increase in sales to $1.83 billion. (Dollar amounts are converted from the Hong Kong dollar at current exchange rates.)
The Hong Kong-based company blamed the slowdown in the U.S. economy for the slow growth, but said it expected results to improve in the second half.
"The group’s sales in the first half largely reflects customers’ orders taken in the second half of 2001, which was a very difficult period," said William K. Fung, group managing director. "Orders taken in the first half are pointing towards a good improvement."
MACK GOES SOLO: After 31 years in the textile industry, most recently with major New York converters, Ronnie Mack this month opened his own company, Jill Edwards International. The New York-based firm will be converting domestic and foreign-made fabric, and offering full-package garment production from countries including China, Taiwan and Korea. Prior to this venture, Mack spent 2-1/2 years as vice president of Saxon Textile Corp., a post he left in mid-August. Before that, he spent 18 years at Majestic Mills.
DIRECTING VALDESE: Robert Peck has been named national director of sales and marketing at Valdese Textiles. He was formerly the West Coast head of sales for the Valdese, N.C.-based vertical mill. Peck said he plans to bring in new fabrics, such as those made with Tencel lyocell and other sheer, free-flowing fabrics.
"We’re going to bring some newer, better styling and more updated fabrics into the jacquard market," Peck said.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty