Henkel’s cosmetics and toiletries division had a strong fourth quarter in 2006; earnings before interest and taxes rose 12 percent, to 101 million euros, or $130.2 million at average exchange.
Simon Property Group, the largest mall owner in the U.S., is challenging the $7.5 billion sale of the Mills Corp. to Brookfield Asset Management with a bid of its own.
Italian textile mills are focusing on producing higher-quality products and ramping up efforts to put a new spin on popular jersey and viscose fabrics as they head into next week’s Milano Unica trade show.
Despite the recovery of the Italian yarn industry last year, many mills exhibiting at last week’s Pitti Filati trade show expressed concerns about tough comparisons for 2007.
Dennis Basso’s decision to show in the tents during New York Fashion Week was free from the stomach-wrenching doubts many Bryant Park newcomers face.
Actress Piper Perabo enjoyed her paparazzi moment when she took her front-row seat at Oscar de la Renta.