Following a record sales year in 2011 proved somewhat difficult for the Lenzing Group, but the Austrian fiber manufacturer and marketer said it still managed its second-best year for volume in 2012 on the strength of its specialty fibers, particularly Tencel.
But it was still a tough environment. On Friday, Lenzing reported consolidated sales were down 2.3 percent to 2.09 billion euros, or $2.72 billion at current exchange, from 2.14 billion euros, or $2.78 billion, in 2011. The decline was attributed to more dissolving wood pulp from its Paskov, Czech Republic, plant being used internally than in 2011. Adjusted for this effect, consolidated sales were constant. The company said lower average fiber selling prices compared with 2011 were balanced by the strong rise in fiber volume, which climbed about 14 percent year-on-year to 810,000 tons.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)