MILAN — Despite a grim economic outlook at home, major Italian yarn players set to show their spring 2013 collections at the Pitti Filati trade show Jan. 25 to 27 said they saw improved full-year sales in 2011, thanks to a growing export business.
Stabilizing wool prices, the weaker euro against the dollar and improved sales in the U.S., China and emerging markets helped boost exports, offsetting a decline in sales in key markets such as Japan and Italy. On Friday, the euro was trading at $1.26, down from $1.42 last May.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"