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WWD 09/28/2004

WWD 09/28/2004

Inquiry Takes Toll on Hilfiger Shares

Shares of Tommy Hilfiger Corp. plunged 21.8 percent in New York Stock Exchange trading on Monday after the disclosure Friday that a subsidiary, Tommy Hilfiger U.S.A. Inc., is the target of a federal criminal investigation.

Inquiry Takes Toll on Hilfiger Shares

Shares of Tommy Hilfiger Corp. plunged in NYSE trading after the disclosure that a subsidiary is the target of a federal criminal investigation.
— Sep 28, 2004

Luxury A-Go-Go

While there are signs the explosive growth seen in luxury goods is slowing, most observers believe the sector's good times will keep on rolling along.
— Sep 28, 2004

Saks Targeted by Workers on Wages

Saks Inc. is facing a potential class-action lawsuit accusing the company of illegally reducing the wages of its sales associates.
— Sep 28, 2004

Stephen Fairchild Sets New Strategy

MILAN - It's a new era at Stephen Fairchild.

To better assist retailers, the American designer has tinkered with his design-cum-business formula for spring-summer. The revised strategy consists of smaller collections, more special...
— Sep 28, 2004

Telecom Italia Joins Bertelli's Luna Rossa

MILAN - Prada chief Patrizio Bertelli has inked a deal with Telecom Italia for the telecommunications giant to sponsor the new Luna Rossa sailing boat set to challenge for the America's Cup in Valencia, Spain, in 2007.

Telecom...
— Sep 28, 2004

Akris Opens Hamburg Unit

HAMBURG, Germany - "Our most beautiful store so far," declared Albert Kriemler, head designer of Akris, at the opening last week of the label's new boutique here.

Located on the exclusive Neuer Wall, next door to Louis...
— Sep 28, 2004

Lerner Named President at Holt Renfrew

Caryn Lerner has been named president of Holt Renfrew & Co., succeeding Andrew Jennings, who left in February to join Saks Fifth Avenue.
— Sep 28, 2004

In Brief: Nano Executives ... LIM Anniversary

NANO EXECUTIVES: Nano-Tex has added two positions to its management team to help bolster its research and development as well as brand-building capabilities. Kim Houchens was brought on board as chief technology officer. Most recently, she was...
— Sep 28, 2004

The Deal for Dockers: Number of Bidders Shrinks

The field of bidders for Dockers appears to be narrowing, but officials at parent firm Levi Strauss denied a deal to sell the brand had been struck.
— Sep 28, 2004

Totally Eighties

Catching up with Duran Duran, back together after 21 years with a new studio album called "Astronaut."
— Sep 28, 2004

Come In, Houston

Celebrating Dior in Houston.
— Sep 28, 2004

Luxury Brands See America as Beautiful

PARIS - United States of luxury? You bet.

Citing a relatively strong economy, pent-up demand and a broadening clientele for upscale fashions and accessories, European luxury firms are soaring in America - and banking on continued...
— Sep 28, 2004

Innocence and Experience - Just Cavalli, Byblos, Mila Schön and Debora Sinibaldi

Milan collections kicked off with an inspired collection at Byblos, Debora Sinibaldi's charming debut and Just Cavalli's looks for wild nights.
— Sep 28, 2004

Fashion Scoops: Color Me Blue ... French Touch ... More Moore ...

COLOR ME BLUE: Giorgio Armani's Milan empire just keeps expanding. The designer unveiled his 5,000-square-foot Armani Jeans shop, replete with a cafe, on the hip Corso di Porta Ticinese Monday. "Right now the jean industry is split...
— Sep 28, 2004

Texworld Vendors See Solid Sales

PARIS - Exhibitors at Texworld, the fabric fair that closed here Friday, said political uncertainty and anxiety about the end of global apparel quotas on Jan. 1 had cast a cloud over business activity, though order levels were on par with last...
— Sep 28, 2004

The Fiber Price Sheet

On the last Tuesday of each month, WWD publishes the current, month-ago and year-ago fiber prices. Prices listed reflect the cost of one pound of fiber.

— Sep 28, 2004

PV: Fabrics Get Light for Fall 2005

Exhibitors and attendees at Première Vision said some of the most directional fabrics were lighter weight than previous fall seasons.
— Sep 28, 2004

Beatuy Beat: KaDeWe: On the Cutting Edge in Germany ... Henkel Exec to Retire

KaDeWe: On the Cutting Edge in Germany

BERLIN - The beauty department at KaDeWe, Germany's largest department store, has just gotten bigger, much brighter and - professional and popular consensus says -...
— Sep 28, 2004

Nuala's Next Stage

With her baby turning one and her Nuala business set to celebrate its fifth, Christy Turlington has sized up her collection and is making changes.
— Sep 28, 2004

Ramosport by E2 Goes Picture Perfect

NEW YORK - Ramosport by E2's trenchcoats were the centerpiece of a one-day photography exhibition in a trendy Chelsea art gallery, and now the show is hitting the road to be displayed in stores.

The Paris-based company tapped...
— Sep 28, 2004

Lee Young Hee Taps NYC Rep

NEW YORK - Now that her name is on a new museum, Lee Young Hee is working to broaden her reach in the U.S.

The Korean designer was here last week for the opening of the first Korean museum, the Lee Young Hee Museum at 2 West 32nd Street....
— Sep 28, 2004

Analysts See Cloudy Future for Gap

NEW YORK - The easy part of Gap Inc.'s recovery seems to have passed, and analysts are now questioning how strong the retailer's near-term results will be. Ever-increasing competition, weak traffic levels, difficult upcoming sales...
— Sep 28, 2004

WWDSourcing Horizons: Countdown to 2005

With 95 days remaining until the expiration of the quota system, executives in the $320 billion global apparel and textile business are faced with critical decisions.
— Sep 28, 2004

China Charges On

HONG KONG - As they prepare for the end of quotas on Jan. 1 - an event that most people in the apparel industry expect to be a boon for China - executives here are wondering just how the historic event will play out for...
— Sep 28, 2004

Safeguard Showdown

Political, industrial and diplomatic winds are swirling into a hurricane of criticism over the possibility of the U.S. moving to limit its imports from China through safeguard quotas.
— Sep 28, 2004

Countdown to 2005: Trade's New World

The expiration of the quota system that has regulated the world's apparel and textile trade for more than three decades will be an epoch-making event.
— Sep 28, 2004

Winners and Losers

Assessments of 28 key manufacturing countries.
— Sep 28, 2004

India Steps Up

CHENNAI, India - In late August, Indian company Raymond Ltd. opened a new plant outside the southern city of Bangalore to make trousers and suits entirely for export.

The factory, owned and operated by the firm's subsidiary, Silver...
— Sep 28, 2004

Neighborhood Needles

WASHINGTON - Apparel makers in Central America, Mexico and the Andean countries of South America are counting on duty breaks and their proximity to the U.S. to keep their American market share from drastically eroding next year when quotas...
— Sep 28, 2004

Federated Takes Florida Hurricane Hit

ATLANTA - Federated Stores projected a 2.1 percent decline in same-store sales for September compared with a year ago because of the hurricanes that have battered Florida, and apparel sales are suffering short-term damage.

Federated...
— Sep 28, 2004

Africa Tries to Adapt

JOHANNESBURG - As they look ahead to 2005, most African apparel executives see trouble brewing for their continent's industry.

With the exception of Mauritius, South Africa and Madagascar, the sub-Saharan textile industry remains in...
— Sep 28, 2004

The Istanbul Crusade

GENEVA - After months of intense industry lobbying and a diplomatic blitz by a group of poor countries spearheaded by Mauritius and Bangladesh, the World Trade Organization on Friday is to put the spotlight on the ramifications the end of quotas...
— Sep 28, 2004

Europe's Measured Approach

PARIS - As Europe's apparel firms count down to the end of the quota regime, they are still debating what the effects will be - and how fast they will come.

They're not expecting a Big Bang event. Though few sourcing...
— Sep 28, 2004

U.N. Predicts Rise in Investments

GENEVA - Buoyed by the improved climate in the world economy, in particular for the Asia-Pacific region and major industrialized countries, global foreign direct investment is forecast to rebound in 2004 to around $600 billion, the U.N....
— Sep 28, 2004

Hiccups and Headaches

Retail and wholesale importers navigating the final months of the quota system must maneuver around some ominous land mines.
— Sep 28, 2004

Memo Pad: All the Vixen ... Truffle Shuffle

ALL THE VIXEN: Like the wildebeest, magazine publishers prefer to travel in herds. Witness Vibe, which is launching a women's fashion-and-beauty spin-off, Vibe Vixen, that will go head-to-head against Suede, the new Essence extension that...
— Sep 28, 2004

A Look Back

GENEVA - Asian countries lost global market share in textiles and apparel trade from 1995 to 2003 and U.S. textile exporters posted gains, according to data released last week by the World Trade Organization.

The statistics also show that...
— Sep 28, 2004

Sourcing Digest: Cotton Prices Seen Stable

COTTON PRICES SEEN STABLE: The recent World Trade Organization panel ruling that found the majority of U.S. cotton subsidies broke global rules should not have a major impact in cotton trading, said Joe O'Neill, senior vice president at...
— Sep 28, 2004

What's Next

WASHINGTON - The end of quotas is by no means the final hurdle for free-trade advocates.

The lifting of apparel and textile quotas will mark the most significant change to global trade rules the industry has experienced in decades and...
— Sep 28, 2004

DVF, Mantero Seta Head to Beach

NEW YORK - Diane von Furstenberg's first collection of swimwear and beach offerings is a lot like the designer herself: colorful, fun and with a strong point of view.

Von Furstenberg has teamed up with Como, Italy-based textile...
— Sep 28, 2004

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