CITA NOD ON RAYON: The Committee for the Implementation of Textile Agreements has approved a “short supply” request under the sub-Saharan Africa and Caribbean trade law. The preferential import law largely requires U.S. textiles to be used to receive duty-free status, but allows garments made of non-U.S. materials to qualify for duty-free status if they are not commercially viable in the U.S. CITA approved a request for the use of cuprammonium rayon filament yarn under the African Growth & Opportunity Act and the Caribbean Basin Trade Partnership Act. The petition was filed on behalf of Unifi Inc., a textile yarn manufacturer with facilities in North Carolina and Virginia, and Symphony Fabrics, a New York-based converter of knitted and woven fabrics. Unifi and Symphony import the rayon yarn from Italy and Japan.
MORE, MORE DIOR: Parfums Christian Dior is lining up the launches. The LVMH Moet Hennessy Louis Vuitton-owned firm is set to introduce its first major women’s scent since J’Adore, the blockbuster that hit counters in 1999 and generated volume in excess of $122.2 million in 2000. The new Dior fragrance will bow in October. The company is mum on other details, however, sources say the fragrance will likely be called Dior Addict, following the successful launch last October of a lipstick line by that name. Dior also plans to market accessories and ready-to-wear under the Addict moniker and create synergies among the categories. Meanwhile, industry sources say Dior is also set to introduce a scent exclusively for the travel-retail market, called I Love Dior, starting this month.
GIVAUDAN NUMBERS: Swiss flavors and fragrances group Givaudan announced first-quarter sales of $382.95 million, up 3.2 percent in local currencies from $375.7 million in the same period in 2001. In Swiss francs, growth would have weighed in at 1.9 percent. All dollar figures have been converted from the Swiss franc at current exchange rates. The firm’s fine fragrance division’s sales dropped 1.5 percent in local currencies to reach $175.7 million. “Sales of fine fragrances were impacted by the weak economic environment and levels of customer inventory,” the company said in a statement. “Recent wins and a good project portfolio are promising signs of a recovery still this year.” The firm’s flavors division grew 7.5 percent in local currencies to $207.3 million.