Textile Industry Divided As Congress Nears Vote In Showdown Over CAFTA
Overview
The fate of the Central American Free Trade Agreement hinges on Congress members from North and South Carolina.From This Issue
Financial
BIS Calls for Revaluation of Yuan
The Bank for International Settlements said Monday that China’s currency, the yuan, is a candidate for revaluation, a move that would also give more scope to contain domestic inflation in the overheated economy.
Textiles
Textile Industry Divided As Congress Nears Vote In Showdown Over CAFTA
The fate of the Central American Free Trade Agreement hinges on Congress members from North and South Carolina.
Textiles
Roger Chastain: Pillar of Tradition
Roger Chastain is a member of the textile industry’s old guard.
Financial
Nike Net Up, Shares Down
Nike Inc. delivered another robust quarter Monday, with profits rising 15 percent on a 6.7 percent sales gain.
Fashion Features
In Brief: Hochman Named … Bluefly’s Capital … Rowley’s Hampton Digs …
A brief roundup of some of the day’s stories.
Financial
A&G Names Citigroup to Seek Investors
A&G Group, parent of Asprey and Garrard, has hired Citigroup to find investors for its global rollout program.
Retail
Gucci Group Closes Yves Saint Laurent Store in Manhasset
Gucci Group is scaling back the U.S. retail operations of its money-losing Yves Saint Laurent brand.
Financial
Greenberg Joins Financo’s M&A Lineup
Financo Inc. hired investment banker Joyce I. Greenberg as a managing director to pump up its activities in the mergers and acquisitions arena and in raising private capital.
Media
Memo Pad: Soft Landing … Bailey-ing Out
SOFT LANDING: For a company with such a messy history, Gruner + Jahr USA Publishing has managed to pull off a surprisingly tidy denouement. Saturday’s announcement that Morningstar owner Joe Mansueto is buying Fast…
Fashion Features
Calvin Klein Outfits Perry St.
Jean-Georges Vongerichten’s new eatery Perry St. resembles a chic Sixties airport lounge replete with white leather banquettes, modernist gray sofas and a black resin bar.
Fashion Features
Cassini Returns to Oval Office
Oleg Cassini will design Kim Basinger’s costumes for her role as first lady in the upcoming film, “The Sentinel.”
Fashion Features
Watermill to Serve Fashion Punch
NEW YORK — Considering the Viktor & Rolf store in Milan has an upside-down decor and the label’s fall collection was inspired by a bedtime story, it’s anyone’s guess what designers Viktor Horsting and Rolf Snoeren will cook up as co-chairmen…
Textiles
Competition Fuels Innovation at Italian Mills
Italian yarn manufacturers remain wary of signs of the dollar’s recovery, while fighting off stronger international competition in the lead-up to the 57th edition of the Pitti Filati yarn fair.
Retail
Armani Exchange’s Brand Plan
A|X Armani Exchange plans to expand its 94-unit retail operation, concentrating on the Sunbelt.
Textiles
Russia in Final Stages of WTO Entry Talks
Russian Economic Trade and Development Minister German Gref said here Friday that Moscow hopes to complete its 11-year entry talks to join the World Trade Organization by the end of 2005.
Financial
IPO Timing Should Be Right for DSW
Investors have given some new IPOs the cold shoulder, but the most recent public offerings of relatively small retail companies appear to break the pattern.
Financial
Burlington Coat Shares Up as Firm Explores Options
NEW YORK — Shares of Burlington Coat Factory Warehouse Corp. jumped 16.54 percent Monday on the disclosure that it has hired Goldman Sachs & Co. as financial adviser to explore “strategic alternatives.”
The Burlington board said the…
Financial
Doneger and Lewis Affiliate
NEW YORK — The Doneger Group and Robin Lewis are teaming up to work on projects and share clients.
Doneger is a fashion merchandising and retail consulting company and buying office, while Robin Lewis Inc. specializes in forecasting…
Fashion Features
Fashion Scoops: The Big Bad Wolf
THE BIG BAD WOLF: Calvin Klein Inc. helped Robert Wilson sell and show off 200 of his latest drawings, “Les Fables de La Fontaine,” at Thursday’s preview benefit sale at the Paula Cooper Gallery. While graciously…
Retail
Pronovias Struts Its Stuff for 2006
BARCELONA — Pronovias, the world’s largest bridal manufacturer, knows how to put on a show and U.S. retailers responded — snapping up innovative gowns and body-conscious silhouettes in soft, tissue-thin fabrics and feathers.
“I’m…
Retail
Motu Tane Offering Resort All Year Long
NEW YORK — It’s easy to get carried away imagining a year-round resort lifestyle. Motu Tane, a collection started by beauty guru Francois Nars and fashion designer Sophie Theallet, aims to make that dream a reality, even if just a fashion…
Retail
Franchised Shops Have Big Role in Pronovias’ Future
MADRID — Pronovias’ founder and chief executive, Alberto Palatchi, told WWD that the Barcelona-based bridal group plans an aggressive rollout of franchised shops beginning next year.
The goal is 300 stores around the world within 10…
People
Von Habsburg on Presidents, Monarchs, Dictators
For anyone who thinks of blue bloods as worn out and effete, a chat with Otto Von Habsburg smacks like the backside of a duelist’s glove.
Beauty Features
Beauty Beat: Lacoste Essential: Relaxed and Free … Walgreen Net Rises 20.1%
Lacoste Essential: Relaxed and Free
PARIS — Lacoste is going back to basics with its latest fragrance.
Lacoste Essential — as the men’s scent is called — will be introduced starting in August by La Chemise…
