WASHINGTON — Textiles and apparel are once again being used as a bargaining chip in foreign relations.
As the week drew to a close and a potential war with Iraq seemed closer, domestic textile producers, importers and retailers anxiously awaited the outcome of ongoing talks between Turkey and the U.S. over a proposed multibillion-dollar economic aid package to Turkey that includes textile and apparel trade breaks.
The Bush administration has not disclosed the details of the economic package, which is aimed at compensating Turkey for losses incurred in a possible war with Iraq, but Turkey’s foreign minister said last weekend that textile and apparel quotas are part of the discussions.
Industry sources, some of whom have been briefed by Capitol Hill lawmakers, said the U.S. offered Turkey duty-free and quota-free access for textiles and apparel, but only for products using U.S. yarn and fabric. In addition, sources said the U.S. offered to temporarily waive a requirement that the U.S. military buy only American-made components for military uniforms, footwear and parachutes, which would enable Turkey to sell apparel to the U.S. for military use.
Turkish and U.S. officials have been unable to reach an agreement for weeks on a package totaling a reported $5 billion in aid and $10 billion in loans and that has delayed Turkey’s vote on whether to allow the deployment of U.S. troops and stranded U.S. ships loaded with military equipment off the coast of Turkey.
Turkey’s Parliament once again postponed a vote on the deployment of more than 60,000 U.S. combat troops Thursday and moved the vote to Saturday.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion