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March 1, 2008
Wills Lifestyle took forward its search for promising talent with the second edition of ‘The Debut’, a unique initiative that recognises India’s young fashion talent. The contest was initiated last year and the winner of the first edition was Mr. Shivan Bhatia of NIFT.
This year Wills Lifestyle announced the second edition of “The Debut” involving students from the country’s prestigious fashion institutes like National Institute of Fashion Technology (NIFT), National Institute of Design (NID), Pearl Academy of Fashion and JD Institute of Fashion and Technology.
The contest received an overwhelming response through 250 entries from all over India. The design team at Wills Lifestyle further short listed the entries to 45 potential candidates, who presented their creations in front of an eminent jury of Deepika Govind, Neetu Gupta & Nien Siao at the regional rounds to held in Bangalore.
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March 1, 2008
All major apparel industry production managers and sourcing personnel are attending the ASAP Show to meet new factories and develop relationships.
The thirteenth bi-annual ASAP Global Sourcing Show was held at the Las Vegas Venetian Hotel, February 11-14, 2008. There were more than 80 leading full-package apparel factory representatives exhibiting from over 13 countries. The goal of the ASAP Show is to bring hundreds of choices together so that buyers can source their apparel production needs in an efficient manner.
The World’s Longest Running Garment & Textile Sourcing Show
The reason ASAP Show is the world’s longest running sourcing show is because…
• ASAP has the largest number of loyal exhibitors – over 80.
• ASAP has a diversified representation of countries – Bangladesh, China, Honduras, Hong Kong, India, Korea, Macao, Pakistan, Sri Lanka, Taiwan, USA, Vietnam, and more.
• ASAP Show offers complete solutions for global trade – Educational Seminars, financial assistance through Letters of Credit, Global Logistics, and quality assurance inspection, verification and certification programs.
• ASAP has exclusive Match Making Sessions – private, pre-arranged meetings between qualified factories and buyers in an exclusive buyers lounge.
• ASAP is the only sourcing show with exhibitors reporting more than $30 million dollars of sourcing transactions transpiring at the show; and $80 million dollars of transactions in the months between shows.
• ASAP is endorsed by dozens of overseas Governments who see the ASAP Show as the premier venue for their country to exhibit through.
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ASAP Show Inc
March 1, 2008
Tommy Hilfiger has introduced the new line of Sports & Fashion watches.
With the new bold & elegant designs from Tommy Hilfiger, enthusiastic watch lovers will have an opportunity to own the trendiest fashion accessories of the season.
These new variants offer a sense of fresh style, underpinned by careful attention to quality and functionality, and finished with unique Tommy Hilfiger signature details.
This watch is reminiscent of the driving watches from 1940's. This sporty watch with contrast punch-out hole detail on the steel/rubber strap features a multifunction movement with day, date and 24-hour sub dials.
The TH flag - accented seconds hand personifies the cool, classic, American inspirations of Tommy Hilfiger design. Available in Stainless steel, Blue and Black rubber straps this watch is being priced.
This is a sleek three-hand model with rivets highlighting the bangle curves. The new Karung Lizard leather integrated onto the bangle makes it uniquely fashionable. The leather on the bangle is available in Red, Black and White colours and is being priced.
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March 1, 2008
Organizers have confirmed that last week’s debut of Materials at WSA Expo & Conference attracted an impressive 1,695 visitors.
The 105 exhibitors at the show were delighted with the caliber of visitors and felt this was due to the well-defined, structured and marketed event.
An invaluable educational program, combined with the buzzing trend area and exceptional showcase of materials innovations, sitting alongside The WSA Show, served to create a marketplace unrivalled across the globe.
Diane Stone, chief operating officer, comments, “We are delighted to have had such an outstanding first show. Having set out to provide a unique and all-encompassing business proposition for the footwear industry, the phenomenal feedback leads us to believe that we have achieved just that. The show has caused a great deal of excitement.”
The show’s cutting-edge trend area was a particular hit. Designers, product developers and suppliers were treated to an inspiring environment, which stimulated creativity, provided solutions, and drove attendees to visit the exhibitor’s booths who participated in the trend area.
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March 1, 2008
Big 5 Sporting Goods Corporation, a leading sporting goods retailer, today reported financial results for the fiscal 2007 fourth quarter and full year ended December 30, 2007.
As the Company previously reported, for the fiscal 2007 fourth quarter, net sales were $232.1 million, compared to net sales of $234.5 million for the fourth quarter of fiscal 2006. Same store sales declined 4.7% for the fourth quarter. The decrease in sales is primarily attributable to weakened customer traffic as a result of the challenging consumer environment.
Additionally, sales results were impacted by a significant deterioration in the performance of the roller shoe product category over the prior year, which accounted for approximately 45% of the same store sales decline.
Gross profit for the fiscal 2007 fourth quarter was $79.2 million, compared to $80.4 million in the fourth quarter of the prior year. The Company's gross profit margin was 34.1% in the fiscal 2007 fourth quarter versus 34.3% in the fourth quarter of the prior year.
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March 1, 2008
Deckers Outdoor Corporation announced financial results for the fourth quarter and fiscal year ended December 31, 2007.
Fourth Quarter Highlights:
• Net sales increased 56.2% to $194.2 million versus $124.4 million last year.
• Diluted EPS increased to $2.69 versus $0.95 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.3 million, or $0.02 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in the fourth quarter of fiscal 2006, fourth quarter 2007 diluted EPS increased 47.8% over last year.
• UGG Brand sales increased 61.8% to $177.7 million compared to $109.9 million a year ago.
• Total domestic sales increased 54.9% to $177.7 million compared to $114.7 million in the prior year.
• Total international sales increased 71.1% to $16.5 million compared to $9.7 million last year.
Fiscal 2007 Highlights:
• Net sales increased 47.5% to $448.9 million versus $304.4 million in 2006.
• Diluted EPS increased to $5.06 versus $2.38 in 2006 on a GAAP basis. On a non-GAAP basis excluding the restatement adjustments of $0.9 million, or $0.07 per diluted share, and the impairment charge of $11.0 million, or $0.85 per diluted share, both incurred in fiscal 2006, fiscal 2007 diluted EPS increased 53.3% over fiscal 2006.
• UGG Brand sales increased 64.4% to $347.6 million compared to $211.5 million in fiscal 2006.
• Total domestic sales increased45.3% to $386.6 million versus $266.1 million a year ago.
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March 1, 2008
Zumiez Inc announced that the Company's conference call to discuss fourth quarter fiscal 2007 financial results will be broadcast live over the Internet on Thursday, March 13, 2008 at 5:00 p.m. Eastern Time and may be accessed at zumiez.com.
To listen to the webcast, please go to the website at least 15 minutes prior to the start time to register.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories.
Zumiez Inc
February 29, 2008
The Hon Frederick Ma, JP, Secretary for Commerce and Economic Development, will welcome on behalf of the HKSAR government, delegates from all over the world who will be in Hong Kong next month for PRIME SOURCE FORUM, the annual meeting of the global Apparel Industry to be held again in the Hong Kong Convention & Exhibition Centre on 1st and 2nd April.
Mr Ma will speak at a luncheon which will be held in the Ballroom of the Grand Hyatt Hotel on the first day of the Forum.
The Forum opens on the morning of 1st April with a Keynote address by Dr William Fung, Group Managing Director of Li & Fung Limited, whose topic is "Global Sourcing in the Next Three Years". Day 2 will be opened with a Special address by the Deputy Director General of the World Trade Organisation, Mr Rufus Yerxa who will be speaking on the Industry from the perspective of the WTO.
Some 50 panelists, each a specialist in his or her own particular field, who will participate in the eight sessions spread over two days in which the expected 400 delegates from all over the world will join in discussing the challenges and opportunities facing the industry today and in the future.
Total interaction is the unique feature of Prime Source Forum.
Asia Pacific Leather Fair Ltd
February 29, 2008
The previously announced share buyback for 2007/08 has commenced as planned. The total share buyback is expected to amount to approximately DKK 200 million in the period until 30 June 2008.
The share buyback will be effected within the authorisation given to the Board of Directors at the company’s annual general meeting held on 24 October 2007 to acquire own shares up to 10% of the share capital.
The second share buyback programme amount s to DKK 90 million and is expected to be implemented in the period from 29 February 2008 to 15 May 2008.
The Programme is being implemented in accordance with the provisions of the European Commission’s regulation no. 2273/2003 of 22 December 2003 which protects listed companies against violation of insider legislation in connection with share buybacks. The detailed terms of the share buyback are provided below.
IC Companys A/S has appointed SEB Enskilda as lead manager of the Programme. SEB Enskilda will, under a separate agreement with the company, buy back shares on behalf of IC Companys A/S and make decisions in respect of IC Companys A/S shares independently of and without influence from IC Companys A/S as to the timing of the purchases, and will complete the buyback within the mentioned framework of the Programme as set out in this announcement.
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February 29, 2008
The Children's Place Retail Stores Inc announced that in conjunction with its February sales release, you are invited to listen to the Company's pre-recorded monthly sales call on Thursday, March 6, 2008, beginning at 7:30 a.m. Eastern Time.
To access the call, please visit the Investor Relations section of the Company's website. or dial (402) 220-2668
An online archive of the broadcast will be available through Thursday, March 13, 2008.
The Children's Place Retail Stores, Inc. is a leading specialty retailer of children's merchandise. The Company designs, contracts to manufacture and sells high-quality, value-priced merchandise under the proprietary "The Children's Place" and licensed "Disney Store" brand names.
Children's Place Retail Stores Inc
February 29, 2008
Reebok India has signed on the fittest Bollywood star Bipasha Basu as the new face for the brand. Drawing inspiration from her fitness and glamour quotient, Reebok aims to create a perfect blend of performance and lifestyle in the women’s segment which is also the Brands Focus area.
Reaffirming their choice Subhinder Singh, Managing Director, Reebok India said “Bipasha embodies the pulse points of our brand -individuality, authenticity and a life lived to the fullest in perpetual motion.
She is an actor par excellence, a celebrated youth icon with an immense passion for fitness. These characteristics make her a perfect fit for our brand and we will drive this spirit through our future initiatives to motivate the Indian woman to take up fitness.”
Reebok is gung ho about their Women’s business and have revved up the entire apparel and footwear range to make the collections more feminist.
The blurring lines between sport and fashion have given birth to a whole new segment of sports inspired apparel and footwear and this novel fashion trend will be spearheaded by Bipasha herself as the new face for Reebok.
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February 29, 2008
The World Gold Council, in partnership with Vicenza Fair, the world-famous trade event for jewellery, and AngloGold Ashanti, the world's second largest gold mining company has launched the latest collection of Gold Expressions – a design platform that celebrates the best of Italian gold jewellery design.
The annual output of this leading initiative has become a benchmark for gold jewellery design and craftsmanship worldwide.
The spectacular collection of Gold Expressions 2008 was first launched in Vicenza Fair in Italy in January 2008. Following the launch, the collection will start its global world tour. Dubai will once again be the first stop in the world tour followed by the other regions till the end of the year.
On its fifth year, Gold Expressions will feature over 317 jewels made by 60 leading Italian gold jewellery companies. The program has contributed greatly to renewing the design of gold jewellery and has confirmed the role of Italian gold jewellery companies as innovators, thanks to their creative and production excellence. It has also increased the desirability of and demand for gold jewellery around the world.
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February 29, 2008
Tiffany & Co announced plans to open a smaller-format store in Glendale, California, in mid-October 2008. The approximately 2,600 square foot store will be located in The Americana at Brand, a new 900,000-square foot retail and residential environment developed by Caruso Affiliated.
Covering 15.5 acres that are beautifully landscaped with fountains, plazas and walkways, the expansive property is designed as an ultimate lifestyle and leisure destination, with shops and boutiques, casual cafes, fine dining, and luxury residences.
The store's clean, ultra modern environment invites relaxed browsing and interaction with contemporary TIFFANY & CO. collections, ranging from diamond jewelry in platinum and gold to an array of sterling silver jewelry.
In this atmosphere of easy elegance and accessibility, visitors will discover the new and the renowned in TIFFANY & CO design, strong statements at fashion's leading edge that underscore Tiffany's reputation as a premier jeweler and innovator.
In addition, the collections allow customers to experiment with designs responsive to fashion trends and create different looks to play up personal style.
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February 29, 2008
A delegation from Japan Jewellery Association (JJA) headed by Mr. Imanishi Chairman, JJA alongwith three members accompanied by Mr. Atul Parekh GJEPC Co-ordinator visited IIGJ Mumbai.
They were briefed and taken around the Institute by Col. (Retd) S.K.Arora , Head of the Institute. They were highly impressed with the State of the art training facilities available at IIGJ.
The purpose of their visit was to understand various facilities available in India in the sector of Gem & Jewellery and to create awareness in Japan and also explore the areas of mutual co-operation.
They also took an oppurtunity to meet Ms.Yuko Ogawa of Japan who successfully completed Basic Jewellery Design course, CAD/CAM Rhino Course & Casting Course. Ms. Yuko Ogawa is a daughter of one of the jewellery designer of Japan.
Indian Institute of Gems & Jewellery
February 29, 2008
Under Armour Inc announced Wayne Marino, Executive Vice President and Chief Financial Officer, has been named to the newly-created position of Chief Operating Officer.
In this new role, he will be responsible for leading Under Armour's operational, financial, administrative and strategic planning functions.
He will focus on driving integration between these functions and the Company's product, sales and marketing teams to deliver long-term, profitable growth.
Kevin Plank, Chairman and CEO of Under Armour Inc said, "Wayne has been instrumental in helping build our infrastructure for long-term, profitable growth at the same time that we have delivered exceptional top line and bottom line performance.
As we expand into new product categories and international markets, Wayne's new responsibilities will ensure that our operational excellence continues to develop as we continue to grow."
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February 28, 2008
Rising concerns about potential skin damage are fuelling an increase in sales of sun care products among health-conscious American women who still want a sun-kissed look.
But across the globe, whitening products are flying off the shelves as Chinese and Japanese consumers seek the "must have" fair-skinned look.
Both trends represent significant growth opportunities for companies supplying the manufacturers in the thriving personal care market.
Those who best understand the different trends in various parts of the world and customize their products to reflect variations in culture, gender and even climates, will be more likely to succeed, says Scott Fuson, executive director for Life Sciences at Dow Corning.
Dow Corning provides performance-enhancing materials that give beauty and personal care products unique features and attributes.
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Dow Corning Corporation
February 28, 2008
Vishal Chaudhry, Director, Aquamarine Leisure (P) Ltd., the exclusive distributor for Princess Yachts in India showcased the P61 & P42 last night.
They are participating in ‘The Mumbai Boat Show’ between the 28th of February ‘08 to the 2nd of March ‘08 at The Gateway of India.
India`s celebrated designer Rohit Bal showcased his latest IFW collection, at an exclusive preview of the Princess 61 and Princess 42.
The collection is inspired by an age-old art form titled ‘Ashta Dhatu’- an ancient artistic tradition that involves the combining of 8 different metals for the purpose of creating a variety of aesthetic objects.
The color palette includes Gold, Metallic Copper, Silver, Iron, Lead, Tin, Lead, Zinc and Mercury with strong Indian elements in terms of the fabrics, embroidery, and liberal use of specially created handcrafted ‘Gota’.
The silhouettes have been kept contemporary and international, with a strong element of luxury and sensual appeal.
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Rohit Bal
February 28, 2008
"My favorite smell is the first smell of spring in New York," Andy Warhol once said.
Warhol began painting and silk-screening colored flowers during the 1960s, and returned to the subject in 1970, when he developed a portfolio of vibrantly colored flower screenprints at the first of his two studios on Union Square.
Both the flowers and the location were the inspiration for Andy Warhol Union Square, the latest in Bond No. 9's series of limited edition collectible Warhol perfume ($195 for 100ml; $135 for 50ml).
"Working with Bond No. 9 represents a unique, unexpected, and exciting opportunity to introduce Warhol to an ever-widening audience," said Michael Hermann, director of licensing at The Andy Warhol Foundation.
The connection between the Warhol Foundation and Bond No. 9 is New York. If Andy Warhol was a mirror of his time, he also reflected the vitality and creativity of his adopted city.
Marking the junction of Broadway and Park Avenue South between 14th and 17th streets, Union Square and the park within it have a storied history as a choice location for outdoor public gatherings-notably union rallies in the early 20th century.
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Bond No. 9 New York
February 28, 2008
Damas, the leading international watch and jewellery retailer in the Middle East, has embarked on a wonderful adventure with Parmigiani Fleurier to open the luxury watch brand’s first signature shop located in Wafi Mall – one of Dubai’s major luxury destinations.
Parmigiani Boutique Dubai is poised to become a true connoisseur's delight as it offers some of the world’s most celebrated timepieces.
Speaking during the press conference to mark the occasion, Michel Parmigiani, CEO of Parmigiani, commented: “Due to the constantly growing success of the Parmigiani Fleurier brand in the UAE over the past few years, thanks to the know-how and expertise of our representative, Damas; Parmigiani Fleurier felt obliged to offer its followers a prestigious location where comfort, elegance and refinement would be fully dedicated to the spirit of the brand.”
Tamjid Abdullah, Deputy Managing Director of Damas, raved: “We are very pleased that one of the world’s top watch brands has teamed up with Damas to set up its first stand-alone shop here in Dubai.
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Damas Jewellery LLC
February 28, 2008
The Hong Kong International Jewellery Show, the 3rd largest of its kind in the world, will be held March 4-8 at the Hong Kong Convention and Exhibition Centre (HKCEC).
More than 2,300 exhibitors from 45 countries and regions will take part in the show, which this year celebrates its 25th anniversary.
More than 20 special events, including jewellery parades, cocktail ceremonies and a gala evening, will be held during the fair, organised by the Hong Kong Trade Development Council (TDC).
Internationally known industry professionals, including Hong Kong designer Kai Yin Lo and the World Gold Council’s Simon Yau, will speak about design inspiration and provide updates on the gold market.
Other notable speakers will spotlight the pearl industry and Middle East markets. We cordially invite you or your representative to cover the event. Please register at the press counter, located at the Expo Drive Lobby of the HKCEC.
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Hong Kong Trade Development Council
February 28, 2008
The Board of Directors of Geox S.p.A., the Italian company leader in the classic and casual footwear market listed on the Milan Stock Exchange (MSE: GEO.MI), approved today the financial results for year ending December 31, 2007. The Board of Directors approved also the Strategic Plan for 2008, 2009, 2010.
Mario Moretti Polegato, Chairman and founder of Geox commented: "The results achieved by the Geox Group in 2007 are further confirmation of the strong potential of our brand, the success of our patent and the solidity of our business model.
With 2007 we close three years of rapid expansion of the Group, both on the domestic market and, above all, on the European market, a phase that began when the Group was listed on the Milan Stock Exchange in December 2004.
Today Geox is ready to face a new round of expansion, which will lead to a consolidation of our leadership in Europe as well as considerable international growth; this is an objective that we intend to pursue above all by enlarging the network of Geox Shops, which should reach a total of more than 1,500 in 2010.
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February 28, 2008
Here it is! Peel off those itchy wool sweaters, ladies, and jump into spring style with the ultimate guide to this year's warm weather essentials from Celebrity Stylist Mark-Alan Harmon and the frugal fashionista shopping haven, Prime Outlets.
According to Harmon, style sensei to Hollywood elite for more than a decade, bringing great style into your wardrobe can be as simple as adding just a few key pieces each season.
"Dressing well and expressing yourself can be easy and affordable; you just need to know what to look for and how to make it work with the rest of your wardrobe," he explains.
Another key factor, according to Harmon, is knowing where to go to get the look, citing the outlets as the place where women can experiment with trends and get direct access to designers and manufacturers of some of the world's most fashionable, trend-defining clothing.
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February 28, 2008
The 2008 event will be hosted by the Sächsisches Textilforschungsinstitut e.V. (STFI) in cooperation with the University of Leeds and the IFTH (Institut Français Textile-Habillement).
EDANA’s Nonwovens Research Academy aims to promote fundamental understanding and knowledge of the science and technology of nonwoven fabrics, products and processes as well as related disciplines.
The Academy will bring together an interdisciplinary group of academics, students, researchers, scientists and engineers to present and disseminate pre-competitive and post-competitive research studies relevant to the nonwoven industry.
The intention of the Nonwovens Research Academy is to provide a forum for the exchange of ideas and research results and to encourage the development of technical understanding and knowledge that will help to support the growth of the nonwovens industry in the future.
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February 28, 2008
Select Comfort Corporation, the nation's leading bed retailer and creator of the SLEEP NUMBER bed, announced that the company has separated the positions of chairman of the board and chief executive officer.
The company's board of directors has appointed Ervin Shames as chairman. Bill McLaughlin, who has held both positions of chairman and chief executive officer since 2004, will continue in his role as president and chief executive officer of the company as well as board director.
"Today's decision is the result of the board's ongoing review of best practices with regard to corporate governance," said Shames. "On behalf of the board, I want to thank Bill for his four years of leadership in the role of chairman. I look forward to continuing to work with him and his team in my new capacity as chairman as we continue to position Select Comfort for long-term success."
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February 28, 2008
Due to the stronger rand, the market retracted marginally from last week’s price levels and Cape Wools’ Merino indicator closed 2.2% softer at R68,16/kg (clean).
This was in tandem with the Australian market, which closed 2.3% down on last week’s levels.
Quality wools, however, are still fetching excellent prices and there was good demand for from all sectors of the trade for these types.
The rand, which had recovered much of its losses since the previous sale two weeks ago, was trading 3% firmer against the US dollar at R7.46, while it was virtually unchanged against the euro at R.11.23.
Fine wools were the most affected with 19 microns posting the biggest decline. Medium to stronger wools were on average 3% to 4% cheaper.
It was a fairly large offering, totaling 10 499 bales of which 96% were sold. Major buyers were Modiano (2 166 bales); Standard Wool SA (1 998 bales); Chargeurs Wool (1 901 bales); Lempriere (Aust) Ltd (1 346 bales) and Stucken (1 227 bales).
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February 27, 2008
Clariant Chemicals (India) Ltd organized a seminar on “Cost Effective Processes for Knits and Yarns”, on February 18, 2008 at Hotel Angel, in Tirupur.
This seminar highlighted the PROCESS EFFICIENT, COST EFFECTIVE and ECO-FRIENDLY packages for Yarns and Knits.
Speaking on this occasion, Mr. Anjani Prasad, Head of Textile, Leather & Paper Chemicals Division, Clariant Chemicals (India) Limited, emphasized that Clariant offers complete solutions for the processing of yarns and knits.
He elucidated upon the benefits of Ecoswat Concept, highlighting the use of right technology for optimized cost of processes and meeting the required ecological requirements coupled with low consumption of water and utilities. Clariant has set up an expert team to manage all the processes with support from the Consultancy Services team, our state-of-art Lab facilities and the Product Safety Lab, to cater to the various needs of customer.
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February 27, 2008
Quaker Chemical Corporation announced record sales for the full year 2007 of $545.6 million and net income of $15.5 million, or $1.53 per diluted share, compared to sales of $460.5 million and net income of $11.7 million, or $1.18 per diluted share, for 2006.
The Company also reported record sales in the fourth quarter 2007 of $142.4 million and net income of $4.6 million, or $0.46 per diluted share, compared to fourth quarter 2006 sales of $115.5 million and net income of $3.0 million, or $0.30 per diluted share.
"Our strong fourth quarter caps an outstanding year for Quaker in both earnings and cash generation," observed Ronald J. Naples, Chairman and Chief Executive Officer. "Strong volume growth, continued work with our customers on the pricing front in the face of continued escalation in raw material costs, and improved SG&A leverage were important parts of our profit growth this year. Beyond just the financials, we made considerable progress this year on a number of strategic initiatives, from customer penetration to new business development."
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February 27, 2008
DyStar, a leading supplier of textile dyes, auxiliaries and services, will be exhibiting processing and finish products for high-quality nonwovens at Index 08, the international trade show for nonwovens, in Geneva, Switzerland, from April 15-18, 2008 (Hall 2, Booth 2110).
DyStar’s exhibit will showcase the Synthesin range of products with outstanding properties for a wide range of applications. Key features include the good dermatological tolerability of these products, as confirmed by independent test institutes, and their suitability for use in the medical and sanitary sectors, especially in diapers and feminine hygiene products. DyStar will also be presenting other medical, technical and consumer applications at this trade show.
Formed in 1995 as a specialist in textile coloration, DyStar has transformed itself into a full solutions provider. We now offer customers a complete range of auxiliaries and colorants. Trained staff and modern service labs in all major markets ensure that customers all over the word receive fast and expert technical service.
DyStar Textilfarben GmbH
February 27, 2008
TenCate enjoyed an excellent fourth quarter. Sales increased in the fourth quarter from € 171 million to € 226 million. In autonomous terms sales increased by 26%.
This substantial increase in sales is mainly the result of sizeable deliveries of military orders for fire-resistant fabrics (TenCate Defender M) in the US and the shipment of orders announced earlier, relating to the armouring of military vehicles.
TenCate Thiolon Middle East, which was acquired in 2007, also made major contributions to sales.
The operating result increased from € 9.7 million to € 21.1 million in the fourth quarter.
Net profit in the fourth quarter excluding the result on divested activities amounted to € 15.6 million (2006: € 7.1 million).
In the fourth quarter a transaction was effected relating to the sale of property in Nijverdal (the Netherlands) as a part of the centralization of the manufacture of protective fabrics. On balance this produced a result after tax of € 3.1 million (pre-tax € 4.1 million).
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TenCate
February 27, 2008
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has received a grant from the US Department of Energy (DOE) for a technical consortium on an innovative biotechnological approach of bioproducts and biofuels.
The grant will fund an extensive enzyme development program which will focus on finding applications in cellulose-based biorefineries for the production of bio-based products, including biofuels. The research will be carried out by a technical consortium in which DSM will be the lead partner.
The other participants in this proposed project include Abengoa Bioenergy New Technologies, Los Alamos Laboratory and Sandia National Laboratory. An important part of the development work will be executed in the US and the program will run for four years.
The grant fits in with the extensive White Biotech program that DSM is running as one of its Emerging Business Areas with the aim of becoming a company fully focused on Life Sciences and Materials Sciences in line with its strategy Vision 2010. It will enlarge DSM's capabilities as a leader in biotechnology.
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February 27, 2008
Clariant Chemicals (India) Limited has reported Net Sales of INR 2132 million during Q4, 2007 (Previous Year INR 2282 million). During the same period, it reported Profit after Tax of INR 104 million (Previous year INR 74 million) – an increase by 40%.
For the year 2007, its Net Sales were INR 8614 million and Profit after Tax stood at INR 318 million after adjustment of exceptional items of INR 313 million.
The Board of Directors has declared 100 % Dividend (INR Rs.10/-per share).
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant, which is represented on five continents with over 100 group companies, employs about 21,500 people. Headquartered in Muttenz near Basel, it generated sales of around CHF 8.1 billion in 2006. Clariant’s businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals and Masterbatches.
Clariant Chemicals (India) Limited
February 26, 2008
Beiersdorf AG and logistics service provider Kuehne + Nagel signed an agreement in which the operation of Beiersdorf AG’s key logistics location in Hamburg will be transferred to its new business partner.
In line with this, Kuehne + Nagel will take over the management of the main warehouse for the German market as well as handle exports to the international cosmetics group’s foreign affiliates starting in June 2008.
“This new co-operation will bring more flexibility and is a key step towards meeting the constantly rising demands of the competitive European environment.
We have significantly improved our international competitiveness by restructuring our supply and production chain in the last two years,” said Markus Pinger, Beiersdorf AG’s Executive Board Member responsible for logistics.
“Our system cuts costs, is flexible and environmentally friendly and boosts our innovative strength. With it, new products can be launched worldwide extremely quickly.”
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February 26, 2008
When Jacqueline Savage McFee, a designer of popular, trendy school and office products splashed in luscious color, got the devastating news that her cousin's young daughter, Kendall Sierens, was diagnosed with leukemia, it brought things into perspective for her. It also created a spark.
McFee went to business partner Clay Presley, president and CEO, Carolina Pad & Paper (CPP), with the idea of dedicating one of the company's 2008 fashion collections in honor of the little girl, now 4, who is successfully battling this deadly disease. The result: The Kendall Kollection, a hip line of school and office products that will be available in stores this spring.
Further, she determined to partner with The Leukemia & Lymphoma Society (LLS) to help launch the line (notebooks, folders, binders, pencils and other supplies), donating 10 percent of proceeds from the products to support LLS's blood cancer research and patient education and support services. CPP will also make a contribution to LLS.
Leukemia causes more deaths of children and young adults under the age of 20 than any other form of cancer. Aiming to create significant visibility for this deadly disease, the partnership between LLS, McFee and CPP is a perfect match. The Kendall Kollection appeals to the key target audience of young school-age girls as well as women interested in more upscale, creative office supplies.
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February 26, 2008
Looking for spring's hottest fashion trends at a bargain price? Fashion Bug, the popular clothing store chain famous for its cheap and chic fashion for plus, missy and junior size women, debuts its spring 2008 collection featuring some of the latest looks for less, perfect for savvy shoppers with a passion for fashion.
"In this economic climate, Fashion Bug customers can achieve a fashionable, professional and feminine look AND stay within their budget,"said Juanita Fields, Fashion Bug Trend Director.
"The key to being a savvy shopper is to find versatile pieces that you can wear from day to night. Teaming a cropped swing jacket and a textured top with a pair of Bermudas is perfect for a stylish, yet casual day look. Or you can pair the SAME cropped jacket and top with a cute bold skirt for a fun night out!"
Fields suggested some of spring's must-have items include square-neck babydolls with hardware embellishments, novelty jackets, wide leg trousers, halters and dresses in abstract, geometric or floral prints, and alternate length bottoms, such as Capris and Bermudas.
Fashion Bug exclusively offers spring lines by Gitano, Studio 1940, LA Blues, and Lovable by Hanes. Fashion Bug carries the latest fashions in footwear including striped peep toe wedges, strapped sandals, satin scarf flip flops, and ballet flats in new designs, all at great prices.
Fashion Bug
February 26, 2008
DAMIANI, the leading Italian fine jewelry house, was present, once again, at the Academy Awards yesterday as Scottish actress Tilda Swinton accepted her Oscar as Best Actress in a Supporting Role.
Ms. Swinton, whose impressive theatre and film career has been recognized the world over with many important awards, wore one-of-a-kind jewels from the famed house.
Ms. Swinton's career has made her the recipient of international recognition; other than tonight's great honor the greatest for a film star, she has been nominated for and received best actress awards at film festivals around the world and most recently accepted the BAFTA (British Academy of Film and Television Arts) for her role in Michael Clayton, the movie for which she won the Oscar.
Damiani has had the honor of receiving an unprecedented eighteen Diamonds International Awards the "Oscars of the Diamond Jewelry World."
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February 26, 2008
Movado Group Inc announced a unified strategy designed to leverage the strength of the Movado brand across all distribution channels.
The Movado brand strategy will unite the areas of product development, merchandising, and marketing across the Company's wholesale and retail channels.
The Company intends to optimize its wholesale distribution network and enhance the performance of its Movado boutiques to contribute further to the brand's long- term growth.
As part of the strategy, the Company expects to streamline the Movado brand wholesale distribution in the United States from 4,000 doors to approximately 2,600 doors, representing a 35% reduction, by the close of its fiscal year ending January 31, 2009.
The closing of these least productive doors represents approximately $10 million of Movado brand sales, or less than 5% of the overall brand's revenue and less than 2% of Movado's Group's consolidated revenue.
The Company will continue to partner with retailers that it believes will support and enhance the Movado brand image and strategy.
Efraim Grinberg, President and Chief Executive Officer, commented, "Managing our brand proactively, we believe there are significant opportunities to harness the power of Movado across all channels of distribution and to build on the aspirational nature of the brand.
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February 26, 2008
Starting immediately, the world's leading maternity brands A Pea in the Pod, Mimi Maternity, Motherhood Maternity and Destination Maternity will ship directly to the expectant mom's home for FREE, if she cannot find her size in store.
"Dressing over 2.8 million pregnant women each year, we are thrilled to be able to continue to cater to the needs of expectant women everywhere," said Rebecca Matthias, President and Chief Creative Officer of A Pea in the Pod, Mimi Maternity, Motherhood Maternity and Destination Maternity.
"Now the mom- to-be can count on us more than ever. If we don't have your size in a store, we simply ship it to you."
Destination Maternity
February 26, 2008
Every Step Counts Organization in association with Clear Channel Communications and St. Louis Community College - Forest Park will continue its efforts to celebrate survivors of domestic violence and sexual assault.
The organization will host "Walk In Her Shoes" 2008, a unique designer shoe fashion show, in two US cities St. Louis and Atlanta.
Designer shoes featured in "Walk In Her Shoes" 2007 included Guiseppe Zanotti, Tory Burch, LuLu Guinness, Beverly Feldman, Rupert Sanderson, Bettye Muller, Claudia Ciuti, Sergio Rossi and Luichiny.
The St. Louis show will be held at the Mildred Bastian Center for Performing Arts Theatre August 16, 2008. Details for the Atlanta "Walk In Her Shoes" will be released soon.
The fundraising event was created to increase awareness of domestic violence and sexual abuse and celebrate the lives of survivors as they move from victim to victory.
"While relationship violence is the single largest cause of injury to women in the United States, this event celebrates the lives of individuals who have survived domestic violence and sexual assault.
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February 26, 2008
APLF invites leading industry figures to offer informative seminars which give participants a value-added opportunity to be enlightened on topics related to leather technology, quality control & inspection, business solutions and fashion trends.
There's a packed programme of seminars at this year's APLF - Materials, Manufacturing and Technology (MM&T) and Fashion Access (FA). These seminars will run throughout the three days of the exhibition (31 March - 2 April) at theHong Kong Convention and Exhibition Centre.
Topics are related to leather technology, quality control & inspection, business solutions and fashion trends. Most are free of charge. Attendance levels are expected to be high and seating is on a 'first come, first served' basis so check for details on the link below.
Click here for more information:
Asia Pacific Leather Fair Ltd
February 26, 2008
An unparalleled number of art enthusiasts from around the world for the premier of ‘Art and Antiques Dubai’, the region’s first event of its kind, with participating galleries and attendees labeling the fair “best-in-class for the Middle East region.”
The fair – which was held under the patronage of His Excellency Abdul Rahman Mohammad Al-Owais, UAE Minister of Culture, Youth & Community Development, along with the full support of Dubai Tourism and Commerce Marketing – is thought to have sold works valued multiple millions of USD.
“The extremely positive response from the Arab world to the fair clearly indicates the emergence of a new market for top quality art," said Brian Haughton, organizer of ‘Art & Antiques Dubai’.
VIP attendees included respected members from leading families from across the region and top level executives from government institutions.
"The Middle Eastern connoisseur is the new segment of sophisticated Arab art buyers joining the international art collectors circle," further commented Brian Haughton.
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February 26, 2008
The North American Hairstyling Awards (NAHA), the pinnacle of hairstyling competitions in North America, and the Professional Beauty Association (PBA) are pleased to award international educator, school owner and platform artist, Martin Parsons, the NAHA 19 Lifetime Achievement Award.
NAHA's top honor, the Lifetime Achievement Award, recognizes industry icons that have left an indelible mark on the hair and beauty industry and is only given to licensed salon professionals. Past winners include Michael Gordon, Yosh Toya, Irvine Rusk, John Jay, Vidal Sassoon and Paul Mitchell.
There is no doubt that Martin Parsons belongs in this group of hair and beauty legends. As the owner of the prestigious Advanced Academies and a marquee platform artist, Martin Parsons has shared his contagious enthusiasm for quality education with thousands of stylists around the world.
Developing his own unique Design Techniques for Cutting in the early 1970's, Parsons has continually updated and simplified this system to allow hairstylists to produce consistent haircuts through balance, proportion and the facial shapes of clients.
Constantly copied but never duplicated, this system has helped thousands of stylists achieve their own sense of style and fashion. Considered one of the best long-hair artists in the world, Martin Parsons can achieve beautiful styles with a variety of lengths of hair.
An active member of the beauty community, Parsons has led byexample and inspired stylists to find their own unique style and technique. Knotting and folding techniques developed by Parsons have revolutionized how stylists create hair designs for special occasions.
Professional Beauty Association
Source @ Fibre2fashion
February 25, 2008
Nominated for a Best Actress Academy Award for her extraordinary performance in "Away from Her," Julie Christie wore a haute couture $100,000 LANA MARKS Cleopatra Clutch on the 2008 Academy Awards Red Carpet.
Ms. Christie's LANA MARKS Cleopatra Clutch - designed by Lana J. Marks - features burgundy silk in delicate ruffled folds, hand stitched to the frame on a diagonal by her Italian artisans.
The LANA MARKS signature contour flap is accented by a fan of pink precious stones, while five droplets - a Princess-cut ruby flanked on both sides by two purple sapphires - float from the front of the handbag, creating a dazzling look.
Designer Lana J. Marks said, "I'm overwhelmed and humbled to have utilized my design skills working for such a talented actress."
Because the demand for the bespoke LANA MARKS Cleopatra Clutch is so great, starting in 2004, only one actress has carried the handbag down the Academy Awards Red Carpet. Each Cleopatra Clutch designed for the Red Carpet is an original, with exacting production taking place in three separate countries.
In 2007, Academy Award Winner Helen Mirren wore a $250,000 LANA MARKS "Queen" Cleopatra Clutch; in 2006, Jennifer Aniston; in 2005, Best Actress Nominee Kate Winslet carried a $100,000 LANA MARKS Cleopatra Clutch; and in 2004, Best Actress Winner Charlize Theron wore a $100,000 LANA MARKS Cleopatra Clutch.
Drew Barrymore, Lucy Liu, Oprah Winfrey, Julianne Moore, Reese Witherspoon, Chloe Sevigny, and the late Diana, Princess of Wales, are just a few of her well-known customers.
Setting a new standard for luxury accessories, Lana J. Marks is the CEO and sole designer of the LANA MARKS Brand. The LANA MARKS Collections now consist of over 150 designs available in 100 colours of alligator, ostrich, and lizard and customized leathers and satins.
LANA MARKS
February 25, 2008
An extraordinary rough and polished diamond sautoir necklace designed by L'Wren Scott debuted on the Red Carpet at the 80th Academy Awards.
The spectacular sautoir, worn by Oscar Presenter Nicole Kidman, contains a total of 7645 diamonds including rough, faceted, and polished diamonds, which total nearly 1400 carats.
The sautoir, which was designed by Scott, produced and manufactured by Uni-Design Ltd in Paris and India uses a wide range of shapes and cuts of diamonds.
Each diamond was individually selected by the designer to fit together into an overall design. The intricate design required in excess of 6200 man hours to handcraft.
Diamonds have never been used in such a truly unique way on the Red Carpet. It is a tribute to the visionary direction of the designer that such an astounding quantity of diamonds can be worn so effortlessly.
L'Wren Scott is a talented designer of both a luxury clothing line and diamond jewelry. The diamond pieces she has designed have appeared on the Oscar red carpet in the past.
During her career in fashion she has established many loyal fans. Her new forays into clothing and jewelry further cement her as the style arbiter to celebrities and the fashion world alike.
Uni-Design is the jewelry manufacturing arm of the leading international diamond trading and polishing company, the Diarough Group, headquartered in Antwerp, Belgium.
The world's most renowned jewelry housesin Paris, London, and New York look to the Diarough Group to source
exquisite polished gemstones, and work with them to produce the most unique and desirable pieces of jewelry, such as the extraordinary sautoir showcased at Academy Awards.
The Diamond Information Center
February 25, 2008
In the newly opened Broadway musical “Legally Blonde,” Elle Woods (played by Laura Belle Bundy) transforms herself from California pink to a Harvard legal icon with a little help from Lana Marks.
Lana J. Marks, the renowned American designer of fashion exotic leather handbags to A-List Hollywood, society, and royalty, personally accessorized the show’s two exclusive LANA MARKS handbags.
In the world of California, Elle Woods wears the LANA MARKS Positano Tote in hot pink alligator, her iconic color. But when she makes the transformation to the serious world of law, she carries the LANA MARKS Jet Tote in Brown Alligator.
From Malibu to Harvard, and whether on the stage or off, the Lana Marks Collections of exotic leather accessories proves to be versatile for everything from a night on the town with the girls to the libraries of Cambridge.
Marks counts among her clientele royalty, Hollywood celebrities and political figures. Helen Mirren, Charlize Theron, Kate Winslet, Jennifer Aniston, Drew Barrymore, Oprah Winfrey, Julianne Moore, Reese Witherspoon, Chloe Sevigny, the late Diana, Princess of Wales, and First Lady Laura Bush are just a few of her well-known customers.
Setting a new standard for luxury accessories, Lana J. Marks is the CEO of her Palm Beach based companies, and sole designer of the LANA MARKS Collections. Marks has distinguished herself as one of the most talented accessories designers to both Hollywood and royalty.
Having started her company with a red lunchbox, the LANA MARKS Collections now consists of over 150 designs available in 100 colours of alligator, ostrich, and lizard and customized leathers and satins.
LANA MARKS designs are available at her stores in New York, Palm Beach, Beverly Hills, and at LANA MARKS Boutiques at Harvey Nichols – Dubai, UAE, and The Bellagio – Las Vegas.
Lana Marks
February 25, 2008
Turnover rose by 7.3 million euros from 123.0 million euros at the end of 2006 to 130.3 million euros at the end of 2007, an increase of 5.9%. PrimaDonna again posted the strongest growth (+7.9%) and now accounts for 45% of total turnover.
Turnover outside the euro zone grew 21.8%. The euro zone does however continue to be the strongest market, accounting for 76% of total turnover. Operational cash flow (EBITDA) was 44.6 million euros (+8.5%), a rise due to a better gross margin and good cost management.
The gross margin rose slightly due to an improved write-down of stocks against turnover. Those write-downs had increased sharply in recent years as a consequence of a broader collection and a conscious increase in stock positions. Investments to improve demand forecasting have reversed this trend.
Sales costs rose less strongly than turnover. The sales-support services continued to be rolled out in 2007. Extra resources were channelled to the PrimaDonna Styling and Marie Jo Styling programme in particular, which was introduced among more than 400 customers in our core markets. The aim of the programme is to increase the competitiveness of specialist stores by emphasising the effect lingerie has on a woman’s body.
Lastly, the sales costs of retail activities fell in 2007 due to the closure of two less profitable stores. The rise in operational profit (EBIT) (+7.4%) was slightly lower than the EBITDA growth, as a consequence of the reversal of a provision for a claim filed by a former Italian distributor.
Van de Velde NV
February 25, 2008
In the newly opened Broadway musical “Legally Blonde,” Elle Woods (played by Laura Belle Bundy) transforms herself from California pink to a Harvard legal icon with a little help from Lana Marks.
Lana J. Marks, the renowned American designer of fashion exotic leather handbags to A-List Hollywood, society, and royalty, personally accessorized the show’s two exclusive LANA MARKS handbags.
In the world of California, Elle Woods wears the LANA MARKS Positano Tote in hot pink alligator, her iconic color. But when she makes the transformation to the serious world of law, she carries the LANA MARKS Jet Tote in Brown Alligator.
From Malibu to Harvard, and whether on the stage or off, the Lana Marks Collections of exotic leather accessories proves to be versatile for everything from a night on the town with the girls to the libraries of Cambridge.
Marks counts among her clientele royalty, Hollywood celebrities and political figures. Helen Mirren, Charlize Theron, Kate Winslet, Jennifer Aniston, Drew Barrymore, Oprah Winfrey, Julianne Moore, Reese Witherspoon, Chloe Sevigny, the late Diana, Princess of Wales, and First Lady Laura Bush are just a few of her well-known customers.
Setting a new standard for luxury accessories, Lana J. Marks is the CEO of her Palm Beach based companies, and sole designer of the LANA MARKS Collections. Marks has distinguished herself as one of the most talented accessories designers to both Hollywood and royalty.
Having started her company with a red lunchbox, the LANA MARKS Collections now consists of over 150 designs available in 100 colours of alligator, ostrich, and lizard and customized leathers and satins.
LANA MARKS designs are available at her stores in New York, Palm Beach, Beverly Hills, and at LANA MARKS Boutiques at Harvey Nichols – Dubai, UAE, and The Bellagio – Las Vegas.
Lana Marks
February 25, 2008
DAMIANI, the leading Italian fine jewelry house, will be present, once again, on the Oscar Red Carpet on Sunday, February 24th.
Scottish actress Tilda Swinton, whose impressive theatre and film career has been recognized the world over with many important awards, will be wearing a one-of-a-kind bracelet and a spectacular diamond ring from the famed house.
Just as Ms. Swinton's career has made her the recipient of international recognition she has been nominated for and received best actress awards at film festivals around the world and recently accepted the BAFTA (British Academy of Film and Television Arts) for her role in Michael Clayton, the movie that also garnered her the nomination to the Oscars Damiani has had the honor of receiving an unprecedented eighteen Diamonds International Awards the "Oscars of the Diamond Jewelry World."
The extraordinarily talented Ms. Swinton will be wearing a one-of-a-kind piece that has received this award, the Sahara bracelet; as well as the Mimosa ring.
Evoking the dunes of the desert, this bracelet is crafted by hand in 18 Kt. white gold and has 1865 diamonds totaling 47.41 carats; the ring is made in 18 Kt. white gold and has 4.21 carats of diamonds.
Founded in 1924, Damiani is Italy's leading fine jewelry house and is known for its exquisite designs, quality and long tradition of craftsmanship.
One of the foremost examples of Made-in-Italy, the Damiani name has become synonymous with spectacular jewelry designs and is favored by international film stars.
Damiani USA
February 25, 2008
An extraordinary rough and polished diamond sautoir necklace designed by L'Wren Scott debuted on the Red Carpet at the 80th Academy Awards.
The spectacular sautoir, worn by Oscar Presenter Nicole Kidman, contains a total of 7645 diamonds including rough, faceted, and polished diamonds, which total nearly 1400 carats.
The sautoir, which was designed by Scott, produced and manufactured by Uni-Design Ltd in Paris and India uses a wide range of shapes and cuts of diamonds.
Each diamond was individually selected by the designer to fit together into an overall design. The intricate design required in excess of 6200 man hours to handcraft.
Diamonds have never been used in such a truly unique way on the Red Carpet. It is a tribute to the visionary direction of the designer that such an astounding quantity of diamonds can be worn so effortlessly.
L'Wren Scott is a talented designer of both a luxury clothing line and diamond jewelry. The diamond pieces she has designed have appeared on the Oscar red carpet in the past.
During her career in fashion she has established many loyal fans. Her new forays into clothing and jewelry further cement her as the style arbiter to celebrities and the fashion world alike.
Uni-Design is the jewelry manufacturing arm of the leading international diamond trading and polishing company, the Diarough Group, headquartered in Antwerp, Belgium.
The world's most renowned jewelry housesin Paris, London, and New York look to the Diarough Group to source
exquisite polished gemstones, and work with them to produce the most unique and desirable pieces of jewelry, such as the extraordinary sautoir showcased at Academy Awards.
The Diamond Information Center
February 25, 2008
Nominated for a Best Actress Academy Award for her extraordinary performance in "Away from Her," Julie Christie wore a haute couture $100,000 LANA MARKS Cleopatra Clutch on the 2008 Academy Awards Red Carpet.
Ms. Christie's LANA MARKS Cleopatra Clutch - designed by Lana J. Marks - features burgundy silk in delicate ruffled folds, hand stitched to the frame on a diagonal by her Italian artisans.
The LANA MARKS signature contour flap is accented by a fan of pink precious stones, while five droplets - a Princess-cut ruby flanked on both sides by two purple sapphires - float from the front of the handbag, creating a dazzling look.
Designer Lana J. Marks said, "I'm overwhelmed and humbled to have utilized my design skills working for such a talented actress."
Because the demand for the bespoke LANA MARKS Cleopatra Clutch is so great, starting in 2004, only one actress has carried the handbag down the Academy Awards Red Carpet. Each Cleopatra Clutch designed for the Red Carpet is an original, with exacting production taking place in three separate countries.
In 2007, Academy Award Winner Helen Mirren wore a $250,000 LANA MARKS "Queen" Cleopatra Clutch; in 2006, Jennifer Aniston; in 2005, Best Actress Nominee Kate Winslet carried a $100,000 LANA MARKS Cleopatra Clutch; and in 2004, Best Actress Winner Charlize Theron wore a $100,000 LANA MARKS Cleopatra Clutch.
Drew Barrymore, Lucy Liu, Oprah Winfrey, Julianne Moore, Reese Witherspoon, Chloe Sevigny, and the late Diana, Princess of Wales, are just a few of her well-known customers.
Setting a new standard for luxury accessories, Lana J. Marks is the CEO and sole designer of the LANA MARKS Brand. The LANA MARKS Collections now consist of over 150 designs available in 100 colours of alligator, ostrich, and lizard and customized leathers and satins.
LANA MARKS
February 25, 2008
The Hong Kong International Fur & Fashion Fair, to be held from February 25-28 at the Hong Kong Convention and Exhibition Centre (HKCEC), is again the focus of industry players looking for the latest upbeat fur creations.
Organized by the Hong Kong Fur Federation, this annual event will showcase a kaleidoscope of fur apparel, accessories and lifestyle furnishings from 245 local and overseas exhibitors to hail from 18 countries and regions.
Modish design and new technology employed in fur products have prompted the popularity of fur to go in step with prevailing fashion. The last 10 years has seen the sale of furs explode around the world with more people buying, wearing and otherwise using fur than ever before.
Indeed, fur has become a favourite amongst global fashion goers. “Acclaimed international fashion designers continue to embrace fur as it increases both their prestige and profitability.
With a substantial fur content jazzing up fashion catwalks in Paris, Milan and New York, their endorsement will ensure high visibility for furs throughout the year,” said Mr. Timothy Everest, spokesman of the Hong Kong Fur Federation.
Hong Kong is the fur manufacturing powerhouse of the world where buyers can rely on to purchase responsible, fashionable furs at fair prices. In the last seven years, Hong Kong’s total exports of fur clothing has kept growing, recording an accumulative increase of 38% from 2001-2007.
Affected by thewarm winter in 2006, Hong Kong fur exports slowed down in 2007 with value worth at HK$2.5 billion, while Finland, Kazakhstan, and Poland recorded impressive growth.
Mr. Everest noted that the outlook of Hong Kong fur exports in 2008 will inevitably be affected by the sub-prime chaos in developed economies in Europe and America, however there are encouraging demands from China and Russia attributed to their cold winter and affluent economy.
Click here to view more:
Hong Kong Trade Development Council
February 25, 2008
Daughter of British Boxing Legend Lloyd Honeyghan – Two Time Undisputed Welterweight Boxing Champion of the World and inspiration to the likes of Ricky Hatton and Joe Calzaghe, has set up an online Vintage fashion boutique. Love My Vintage, has launched its online store at lovemyvintage.com.
The online boutique will stock an array of vintage and vintage inspired fashion, clothing, accessories and jewellery from the 60s, 70s, 80’s and early 90s. Stocking items such as sequinned tops, gold tone faux pearl brooches, beat box chains with diamantes and chiffon dresses.
At just 23 Managing Director Monique Honeyghan said “I was never going to get into boxing and have a keen interest in vintage fashion. Our vintage items have been sourced from around the world, as we aim to sell vintage fashion that reflects today’s trends, also supplying and appealling to Emo’s and the Kitsch market”. The site features stylish photography supported by straightforward navigation and slideshows which enhance viewing capabilities.
Browsing functionalities allow items to be searched by product look, type, and features whilst entire collections can be found within categories searches. The site also allows for product recommendations to be made. Love My Vintage.Com states: “The launch of our online boutique means that we can supply vintage fashion on a global scale, not only to those living in London. We have aimed to make our online shopping experience as good as shoping in-store.”
Love My Vintage.Com
February 23, 2008
Parfums Givenchy is pleased to announce its collaboration with Justin Timberlake for the launch of its new men's fragrance.
Justin Timberlake is one of the most gifted artists of his generation, a multi-talented worldwide star who is a singer/songwriter, producer and actor with countless awards, which include an Emmy, multiple Grammy's and MTV Music Awards.
"Beyond his huge celebrity appeal, we have chosen Justin Timberlake because he is a world recognized trendsetter who redefines modern elegance," says Alain Lorenzo, President and CEO of Parfums Givenchy.
Created by Hubert de Givenchy who opened his first Couture house in Paris in the 50's, Givenchy is a major Fashion and Perfumes & Cosmetics company, with the most refined creations on the cutting edge of contemporary luxury.
The complete project will be unveiled to the press in June 2008 and will be launched in two stages, beginning in the Fall of 2008, with a worldwide roll out across 2009.
Parfums Givenchy
February 23, 2008
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed.
Name of Product: Children's Metal Necklaces
Units: About 2,900
Manufacturer: Pecoware Co Inc, of Chino, Calif.
Hazard: The children's necklaces contain high levels of lead. Lead is toxic if ingested by young children and can cause adverse health effects.
Incidents/Injuries: None reported.
Description: The recalled necklaces include a cat with silver and pink rhinestones, a heart and lock with pink rhinestones, a silver colored heart with a rhinestone crown, and a silver colored lock and key. The necklaces hang from silver colored chains.
Sold at: Department and specialty stores nationwide from January 2006 through July 2007 (cat necklace), and from July 2007 through November 2007 (heart, heart and key, and lock and key necklaces).
Manufactured in: China
Remedy: Consumers should immediately take the recalled necklaces away from children and contact Pecoware for instructions on returning the necklaces for a full refund.
U.S. Consumer Product Safety Commission
February 23, 2008
Shoebox New York (Shoebox), a top women's multi-brand retailer for luxury footwear, handbags and accessories, and its parent company NexCen Brands Inc announced the signing of a master franchise agreement in South Korea.
The Shoebox expansion leads the first entry for this franchise globally. The agreement with Magneato International Inc is for a minimum of 20 stores over a 25-year term.
"We are very excited to be the first to sign a global agreement for the Shoebox concept" said Scott Cho, CEO, Magneato International Inc.
"In conjunction with the initial entrance of Shoebox into South Korea, this is a giant step towards the eventual expansion into the other lucrative high-end luxury Asian Markets.
We look forward to our continuing relationship with NexCen Brands." Since 1954, Shoebox has been New York's top women's multi-brand retailer for luxury footwear, handbags and accessories.
Known for its vast product assortment and trend-setting styles, Shoebox offers women the latest fashions from top European and American designers such as Jimmy Choo, Stuart Weitzman, D&G, Giuseppe Zanotti, Marc Jacobs, Chloe, Casadei,
Salvatore Ferragamo, and Michael Kors.
Shoebox's exceptional product offering coupled with its personalized customer experience, has garnered a dedicated following of sophisticated women worldwide.
Shoebox New York
February 23, 2008
K-9 Concepts Inc announced that it has completed its acquisition of 100% of the outstanding membership interests of Aussie Soles International LLC, an early stage casual footwear company.
In connection with the transaction, K-9 issued approximately 12.9 million new shares of its common stock in consideration of 100% of the membership interests of Aussie Soles.
The former owners have an ability to earn into 6 million additional K-9 shares assuming certain operating milestones are met.
In addition, 2.1 million shares are being held in escrow pending the satisfaction of certain representations and warranties that were made by Aussie Soles.
Immediately upon closing of the exchange, interest holders of Aussie Soles will own approximately 33% of K-9. The transaction is not being structured as a reverse merger.
Craig Taplin, founder and CEO of Aussie Soles International LLC will become the CEO of K-9, which will undertake to change its name to Aussie Soles Group Inc as a result of a shareholder action taken on the date of the closing of the transaction.
The new company, which has no revenues and nominal assets, intends to hire a management team and formally commence
operations in North America in the near future.
The combined enterprise intends to build the brand, "Aussie Soles" into a globally known brand of footwear and accessories for the fashion, surf, travel, and medical industries.
The combined enterprise intends to accomplish its objectives by designing and marketing a complete line of reasonably priced casual footwear and related accessories for all seasons, by co-branding its products with high-visibility partners, and through patent and related intellectual property protection.
K-9 Concepts Inc
February 22, 2008
Tune in to catch all the drama as 10 Fashion Design seniors compete in the second season of Philadelphia University’s Runway Challenge this spring. Taping for the show is currently underway, so don’t miss the excitement of the first challenge, scheduled to air Monday, March 3 at 2 p.m. on NBC10’s 10! Show.
Selected for their design philosophy, as well as the creativity and quality of their work, this year’s competition, reality series participants are Regina Amato, Karen Bloomfield, David Ciuper, Jessica Gardner, Michelle Guan, Sandra Huffaker, Nancy Krebs, Emily Kyle O’Neill, Casey Lea Saccomanno and Andjela Vukancic.
For eight weeks, they will compete for the chance to showcase their designs during a runway show televised every Monday at 2 p.m. on 10!
Challenges range from the extreme to the practical. At the conclusion of every challenge, contestants will take their design down the runway for a critique by a panel of judges who will eliminate one contestant per week.
At the end of eight weeks, the 10 contestants will be whittled down to only three finalists, who will face-off during a live runway event Monday, April 28 on 10! Last year’s finalists included Fashion Design alumnae Dominique Asuncion ’07, Pam Martin ’07 and winner Alison Winters ’07, who secured first place with her creative and marketable “skater girl” collection.
Like Winters, the winner of this year’s Runway Challenge will receive an all-expense-paid trip to that international fashion hot spot, Paris, France.
Philadelphia University
February 22, 2008
Chico's FAS, Inc announced that the Company is scheduled to release its fourth quarter fiscal 2007 earnings results after the close of the market on March 4, 2008. A conference call to discuss results will be held at 8:30 am ET on March 5, 2008. The call will be hosted by Scott A. Edmonds, Chairman, President and CEO.
The Company is a specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The Company operates 1,038 women's specialty stores, including stores in 49 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market and Soma Intimates names.
The Company has 604 Chico's front-line stores, 37 Chico's outlet stores, 309 White House | Black Market front-line stores, 19 White House | Black Market outlet stores, 68 Soma Intimates front- line stores and 1 Soma Intimates outlet store.
Chico's FAS Inc
February 22, 2008
Global golf superstar Sergio Garcia, one of the most talented and recognizable golfers in the world, is showcasing a first-of-its-kind adidas Golf staff bag as well as the TaylorMade logo newly positioned on the front of his hat. Previously Garcia has used a TaylorMade staff bag and displayed the adidas Sport Performance Logo on the front of his hat.
The sleek, black bag prominently features the world-renowned 3-Stripes trademark in silver on each side and on the front. Garcia's name will also be embroidered on the front in the red and yellow colors of his native Spain.
Also, Garcia will now feature the TaylorMade logo on the front panel of his hat, the Burner logo on the left panel, the TP Ball logo on the right panel, the adidas Sport Performance Logo on the back panel and the 3-Stripes trademark on the cap's bill.
Garcia will continue to play TaylorMade-branded golf clubs as well as the new TaylorMade TP Red golf ball with Low Drag Performance (LDP) Technology. In addition, he will continue to wear adidas Golf apparel and footwear, as he has since turning professional in 1999.
Currently number 12 in the Official World Golf Rankings, Garcia has won six PGA Tour events, six European Tour events and numerous amateur tournaments, including the 1998 British Amateur Championship, and played for Europe in the 1999, 2002, 2004 and 2006 Ryder Cup Matches.
TaylorMade-adidas Golf
February 22, 2008
Charles & Colvard Ltd, the global source of moissanite, a created jewel available for use in fine jewelry reported fourth quarter and 2007 operating results.
For the three months ended December 31, 2007, net sales decreased 35% to $7.9 million as compared to $12.1 million in the fourth quarter of 2006. Gross profit decreased 42% to $5.4 million compared to $9.3 million in the prior year period. Gross profit margins decreased 830 basis points to 68.6% in the fourth quarter of 2007 from 76.9% in the comparable quarter of 2006 primarily as a result of higher production costs during the period being relieved from inventory.
The Company had an operating loss for the three months ended December 31, 2007 of $1.7 million compared to an operating profit of $1.9 million in the same period in 2006. The decline in operating results was primarily attributable to lower sales, which resulted in Marketing and Sales expense being 62% of Net sales in the fourth quarter of 2007 as compared to 52% in the same quarter of 2006, and a $1.1 million increase in General and Administrative expense resulting from a $1.1 million increase in bad debt expense.
The Company committed to substantially all of its marketing and sales expenses prior to the commencement of the fourth quarter and could not adjust its spending as sales growth did not materialize. The increase in bad debt expense is a result of a reserve recorded for customers with significantly past due accounts, JewelNet Corporation d/b/a K&G Creations and Reeves Park. K&G accounted for 5% and 11% of sales during the fourth quarter of 2007 and fiscal 2007, respectively, and the Company is in the process of winding up its relationship with this customer and assisting its retailers in obtaining new manufacturing vendors.
Reeves Park accounted for 14% and 20% of sales during the fourth quarter of 2007 and fiscal 2007, respectively. The Company and Reeves Park are negotiating to bring this account current.
The Company incurred a net loss for the fourth quarter 2007 of $1.1 million, or $0.06 per diluted share as compared to net income of $1.3 million, or $0.07 per diluted share in the fourth quarter of 2006.
Charles & Colvard Ltd
February 22, 2008
Noni B Limited announced an after-tax profit of $5.7 million for the half year to 30 December 2007, compared with $6.1 million for the previous corresponding period. Profit after tax from the company's Noni B stores was approximately 2 per cent higher than the previous corresponding period, with its La Voca stores, which are at an early stage of development, recording an after-tax loss of $0.8 million. The company's market share continued to grow, with sales rising by 5.8 per cent to $69.7 million.
Reflecting the directors' confidence in the company's prospects, the interim dividend has been increased to 10.0 cents per share fully franked (FY 2007: 9.0 cents), payable on 28 April 2008 to shareholders on the register at 14 April 2008.
Mr. Alan Kindl, managing director of Noni B, said: 'The increased profit from our Noni B stores is encouraging at a time when demand for women's fashion in regional New South Wales is still depressed by the lingering impact of the drought and the South Australian economy is flat. Sales have been particularly strong in Western Australia, Queensland and Northern Territory, helped by strong local economic conditions.
'We continued to expand Noni B's national coverage, opening eight new stores and closing two stores that were underperforming. We also invested $1.2 million in refurbishing nine existing stores and plan to refurbish a further 19 stores and open three new Noni B stores in the second half.
'While the loss by our La Voca stores is disappointing, we have always regarded La Voca as a long-term growth strategy which would take up to three years to make a significant earnings contribution. The concept has been fine-tuned in the light of our experience over the past 18 months and marketing expenditure has been boosted; and, with a dedicated team now driving the business, we are increasingly positive about its prospects during the coming winter season and beyond. Four new La Voca stores were opened during the half year, bringing the total to 19, and we expect to open further stores during 2008.
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Noni B Limited
February 22, 2008
In quantitative terms, the country with the most significant levels of shoe production in Europe is still, as ever, Italy. Over the last ten years the structure of the Italian shoe industry has scarcely altered: small and medium-sized producers are in the majority.
Over this period, however, the number of operating businesses has shrunk from 8,500 to 6,657, and the number of employees has decreased by 28,000 to 94,143 at the end of 2006. The high proportion of small businesses makes research and marketing investments more difficult.
For this reason the shoe manufacturers association ANCI, with the support of the foreign trade institute Instituto Nazionale per il Commercio Estero (ICE), is planning a joint marketing initiative abroad.
The aim, under the trademark slogan “I love Italian shoes” - to which 150 manufacturers have already signed up - is to develop a chain of stores.
In March 2007 the first of these multi-brand retail outlets opened with a trading area of 280 sq. metres in the Russian city of Omsk.
From 2008, as promised by the minister for foreign trade Emma Bonino, the ICE will include the shoe sector more strongly in its 100 million euro promotion programme.
Italian shoe exports to Germany, its most important foreign sales market, decreased again in 2006, with sales value sinking by 1.6% and shoe quantities by 11.5%.
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Igedo Company
Source @ Fibre2fashion
February 22, 2008
The main rule for shoe trends next Autumn/Winter is as follows: sportiness remains a key theme but will be translated into clearly more chic, well-groomed and at times even elegant styles next season.
Altogether the new shoe fashion is modern, unpretentious and self-confident. Sophistication is ensured by clear, at times very purist lines and an enormously wide variety of lasts, on the one hand, and by the mix of natural and man-made materials plus matt/shine contrasts, on the other.
Styles and shoe types: Last season’s favourites – all manner of high-legged boots – remain in pole position but will increasingly compete with bootees and ankle boots.
Causing a stir here will be new, more feminine boots with platform soles and chunky heels as well as those featuring novel more delicate and sometimes very high heels. Becoming even more important next Autumn/Winter will be court shoes/pumps.
Styles range from almost ‘architectural’ types with a purist attitude and feminine pumps with wide clasps and details stressing the ankle to high-upper styles somewhere between court shoes and ankle boots.
Ballerinas will stand their ground on new, tiny heels set back under the sole. Pointed lasts will be revisited offering plenty of creative scope for new bootees, ankle-high boots and delicate laced boots.
Even masculine Oxfords, so-called Dandy shoes, are heralding a comeback. Smooth, clean finishes will be just as much in evidence as typically male styles such as brogues and wing tips.
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Igedo Company
February 22, 2008
Cabela's Incorporated, the World's Foremost Outfitter(R) of hunting, fishing and outdoor gear, reported financial results for its fourth fiscal quarter and fiscal year ended December 29, 2007.
Total revenue for the fourth fiscal quarter of 2007 increased 13.9% to $889.5 million compared to $781.0 million for the fourth fiscal quarter of 2006. Net income for the fourth fiscal quarter of 2007 increased 5.4% to $56.2 million, or $0.84 per diluted share, compared to $53.4 million, or $0.80 per diluted share, for the fourth fiscal quarter of 2006.
Fourth quarter fiscal 2007 retail store revenue increased 31.8% to $401.8 million with a same store sales decrease of 5.9%; direct revenue increased 3.3% to $446.9 million; and financial services revenue decreased 1.7% to $37.8 million.
"These results are in line with the expectations we pre-announced on January 29th," said Dennis Highby, Cabela's President and Chief Executive Officer. "We are implementing a number of strategic initiatives aimed at improving profitability and are committed to taking the necessary steps to further build our business."
Total revenue for fiscal 2007 increased 13.9% to a Company record of $2.35 billion compared to $2.06 billion in fiscal 2006. Net income for fiscal 2007 increased 2.4% to $87.9 million compared to $85.8 million for fiscal 2006. Earnings per share increased 1.6% to $1.31 per diluted share compared to $1.29 per diluted share for fiscal 2006.
Each of the Company's three main business segments grew in fiscal 2007 compared to fiscal 2006. Retail store revenue increased 27.2% to $1.04 billion with a same store sales decrease of 1.2%; direct revenue increased 3.9% to $1.13 billion; and financial services revenue increased 15.9% to $159.3 million.
Cabela's Incorporated
Source @ Fibre2fashion
February 22, 2008
J. C. Penney Company Inc reported operating income of $729 million and earnings from continuing operations of $1.93 per share for the fourth quarter of 2007. Operating income as a percent of sales increased slightly in the quarter, although on a dollar basis it declined compared to last year's 14-week fourth quarter.
For the quarter, the impact of gross margin pressure resulting from a weak consumer spending environment was more than offset by effective control of operating expenses. For the full year, operating income was $1,888 million, or 9.5 per cent of sales, and earnings from continuing operations were $4.90 per share. Net income for this year's fourth quarter and full year, including the impact of discontinued operations, was $1.93 and $4.93 per share, respectively.
"I am proud of what our team accomplished in 2007," said Myron E. (Mike) Ullman III, chairman and chief executive officer of JCPenney. "Our ability to manage the business through difficult retail conditions is a tribute to our Associates around the country and validates the Long-Range Plan initiatives we have been implementing to become the retail industry leader in performance and execution.
"With no clear indication that the consumer environment will improve during 2008, we have taken a conservative approach to planning our business to maintain a balance between near-term economic realities and our long-term growth opportunities. To this end, we will remain focused on improvingthe customer experience in our stores and providing exciting, stylish merchandise at smart prices that will resonate well with our customers during this period.
J. C. Penney Company Inc
