OSCAR’S GIFT: Oscar de la Renta has made good on a promise to send leftover fabric from his design house to fashion students at Marymount University, a tiny Catholic school outside of Washington, D.C., with a thriving fashion department. In April, Marymount bestowed its Designer of the Year Award on de la Renta. While at the school critiquing student portfolios, the designer said students sorely lacked quality fabric needed to practice draping and otherwise learn their trade. Last week, students started their fall semester opening six boxes of silks, chiffons, velvets, laces, linens and taffetas, valued at $21,840, from the designer.
DUPONT’S GUIDANCE: Gary M. Pfeiffer, DuPont’s senior vice president and chief financial officer, on Wednesday at a CS First Boston Chemical Industry Conference in New York said the company’s full-year earnings would be at the low end of previously announced estimates, or about $1.60 a share. “Considering our business experience to date and a close watch on industrial production, we believe that the slower scenario is playing out,” he said. The cfo said DuPont businesses did not see any evidence of a broad turnaround in industrial demand in their July and August results, but that leading indicators suggest a meaningful recovery that should begin to gain momentum in the fourth quarter and carry into 2004.