MILAN — Italian textile firms plan to deal with a potential U.S. recession the same way they have tried to stave off Asian competition — by stressing quality, innovation and experience.
Executives of some of the 59 exhibitors at the sixth edition of Milano Unica, which ended its four-day run at the Milan fairgrounds on Feb. 15, said they will take a wait-and-see attitude toward the upcoming year, which for most started on a positive note. The Italian textile industry's 2007 sales of 9.1 billion euros, or $12.47 million, was flat against 2006, according to Italian fashion and textile consortium SMI-ATI.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)