DORAN'S CLOVER DEAL: Doran Textiles, Shelby, N.C., has purchased the real estate, plant and equipment of Clover Yarn's yarn-making facilities at Clover, S.C. Terms of the deal, which was completed last Thursday, were not...
DORAN'S CLOVER DEAL: Doran Textiles, Shelby, N.C., has purchased the real estate, plant and equipment of Clover Yarn's yarn-making facilities at Clover, S.C. Terms of the deal, which was completed last Thursday, were not disclosed.
The 178,000-square-foot manufacturing facility will increase Doran's yarn business by about 225,000 pounds per week, with initial production slated for the week of June 27, said David Miller, vice president of sales and marketing.
Miller said the acquisition of the Clover facility will add to the firm's offerings of ring-spun yarns, "and will contribute about $25 million in sales on an annualized basis on top of the $215 million we had in 1993."
"The added ring-spun yarn capacity will also provide "some production relief and make us more responsive to our customers," Miller said.
Doran will keep the 140 employees at the plant, "although we will lose a few through attrition," Miller said.
In addition to the Clover facility, Doran operates eight plants throughout South Carolina -- mostly in and around Cleveland County -- mainly making specialty yarns and woven fabrics. The 78-year-old company, which employs about 2,600, is Cleveland County's single largest employer, according to state officials.
Clover Yarn's other two plants, at Clinton, S.C. and Greenwood, S.C., were not affected by the sale.
GUTMAN'S TRIBUTE: James Gutman, president of Pressman-Gutman, a New York converter, and Toni Garment, partner at C.C. Magic, a New York manufacturer of moderate misses' sportswear, were honored Saturday night as the Fabric Salesmen's Association's textile man of the year and fashion woman of the year. The two received their awards at the FSA's annual dinner, held during the group's convention at Kutsher's Country Club in Monticello, N.Y. The three-day parley concluded Sunday.
In his acceptance speech, Gutman, who joined the family-owned Pressman-Gutman in 1981 after a stint as a movie producer, recalled and thanked his late brother Paul "for giving me the opportunities to do some other things in my life."
"While Paul was helping run the company," he said, "I was making movies."Paul Gutman, who was a vice president with the converter, was killed in a plane crash in 1989.
"When I finally joined the company, Paul was there to show me what the business was all about," Gutman said. "This award is as much yours, Paul, as it is mine."
KTA TRADE WINDS: Jay Meltzer, vice president of Goldman Sachs; Edward F. Johnson, director of the Johnson Redbook Service, and William Wollman, chief economist of Business Week, are the featured speakers at the Knitted Textile Association's mid-year financial forecast, slated for June 22 in New York.
The seminar, entitled "The Winds of Change," will focus on factors impacting the economy and, more specifically, the knitted textile industry.
It is scheduled to begin at 8 a.m. at Butler's Restaurant. Reservations are required and can be made through the KTA in New York.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion