MILLIKEN ANNOUNCES INCREASES: Milliken & Co. said it will increase prices by as much as 15 percent for all its products. Management cited "unprecedented increases" in the cost of raw materials, energy and transporting goods as reason for the move.
"Our initial and ongoing efforts to address these challenges have been focused on resisting increases, improving our productivity, and aggressively pursuing cost avoidance and savings opportunities," said Joe Salley, president and chief executive officer. "However, the speed and magnitude of recent cost escalations make it impossible for us to maintain our current pricing."
Based in Spartanburg, S.C., Milliken is one of the largest privately held textile and chemical companies in the world. Its apparel fabrics include dyed and finished, knit and woven fabrics of polyester, nylon, cotton, cotton blends and synthetic-spandex blends for the women's, men's and children's markets.
AUSTRALIAN WOOL DECLINES: Australian wool production levels are expected to decrease by 4 percent for the 2008-'09 season because of rising grain prices and drought. Shorn wool production for the season is expected to come in at 385 million kilograms, or 848.8 million pounds.
"Once again, parts of eastern Australia have started the pasture growing season with rainfall well below normal," said Russell Pattinson, chairman of Australian Wool Innovation's production forecasting committee. "The most extreme example of this is Tasmania, with the southern region and East Coast continuing to be ravaged by one of the worst droughts in living memory."
The drought is prompting more farmers to slaughter their sheep and shift to farming crops. AWI, the Australian wool industry's research and development arm, also announced that Ian McLachlan, who served as chairman from November 2002 to April 2008, has retired.
NILIT OPENS CHINA FACILITY: Nilit, a 34-year-old manufacturer of nylon 6.6 polyamide fibers based in Migdal Ha'emek, Israel, celebrated the opening of a new facility in Suzhou, China, on June 3. The 108,000-square-foot factory will initially produce textured nylon before expanding into spinning. The opening attracted more than 150 people, including executives and local officials, and also featured a fashion show of innerwear and activewear products from Nilit's design laboratory.CREORA SPANDEX GROWS IN VIETNAM: South Korean conglomerate Hyosung has started production of its Creora brand spandex at a new facility in Vietnam. In late 2007, the company said it planned to invest $100 million for a new plant near Ho Chi Minh City capable of producing 15,000 tons of spandex annually.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)