SWATCHES

ALL THAT GLITTERS: Beads, sequins and all that glitters are in the spotlight at an exhibit at the Museum at the Fashion Institute of Technology in New York entitled, “Beads and Sequins: Scintillating Fashion.” The exhibit, which opens today and runs through Jan. 3, features several dozen dresses with labor-intensive surface ornamentation, many from the Twenties, as well as more current looks from Calvin Klein and the beading duo Badgley Mischka. Vintage designs from Yves Saint Laurent, Balenciaga, Balmain, Dior, Halston, Molyneux, Paquin and Poiret also are featured.
Textile designs include the work of Anea Tonegatti, a prominent craftsperson of hand embroidery in America from the Thirties until her retirement in 1973. Among Tonegatti’s clients were Mainbocher and Norman Norell. The show is organized by type of ornamentation; separate sections are devoted to sequins, pearls, glass jewels and crystal and glass beads.

NEW PARTNERSHIP: Parkdale Mills Inc., will become a joint-venture partner with Burlington Industries Inc. in one of its three new textile plants in Mexico.
The three plants are a worsted weaving operation, a denim weaving plant and a cotton yarn plant to supply the denim operation. Parkdale, the world’s largest yarn spinner, will be a 50/50 partner in the yarn plant.
Burlington said it expects its investment in the new facilities in Mexico to total $200 million over a three-year period. Parkdale’s investment was not disclosed.
Construction on the three plants, located in Morelos, has begun, and they are expected to be completed at the end of 1999.
The yarn plant’s production will primarily be used by the denim weaving operation, but Burlington said it would have additional capacity to make yarn for other textile companies.

DORAN SOLD: Doran Textiles, a spinner of specialty yarns and gray goods, has been sold to two investors groups.
Recovery Equity Investors II has acquired the spinning operation of Doran Textiles, which will be operated as the Shelby Yarn Co., with headquarters in Shelby, N.C.
The Doran Mill weaving operation has been purchased by Lazar Corporate Advisors and will become Doran Mills LLC.
No terms were disclosed.
Recovery Equity Investors II is a private investment partnership specializing in turnarounds. Lazar Corporate Advisors is a consultant that also owns warp knitting and jacquard weaving operations for apparel and home furnishings. Lazar acquired Marion Mills, Marion, N.C., in February.
Doran Textiles filed for Chapter 11 bankruptcy protection in December 1996, and efforts to recapitalize led to the going-concern sale that was completed last week. In a statement, Doran said that as a result of the sale, both Doran and Shelby will be able to operate outside of the Chapter 11 process, free of all bankruptcy-related liens.
Both companies’ offices and plants will continue to operate as before, the statement said.

load comments
blog comments powered by Disqus