Cotton Clothing Price Tags to Rise (NY Times)
"Cotton inventories had been low because of weak demand during the recession. This summer, new cotton crops were also depleted because of flooding in Pakistan and bad weather in China and India, all major cotton producers."
Luxury group Hermès tells LVMH to back off (Business Times)
"'The family has clearly and unanimously said: If you want to be friendly, Mister Arnault, you need to withdraw,' Mr Puech, a fifth-generation descendant of founder Thierry Hermès, was quoted as saying in the [Le Figaro] newspaper."
Preserving New York as a Fashion Capital (NY Times)
"The mayor announced a six-part initiative to ensure the industry’s growth in the next decade... intended to reinforce the city’s position as a magnet for emerging designers and to nurture the next wave of design, management and retail professionals."
SVG posts gains as Permira rebounds (FT)
"A rebound in profitability at Permira’s biggest portfolio companies, including fashion houses Valentino and Hugo Boss, helped the private equity group’s biggest investor SVG Capital to report investment gains in the three months to September."
Drawing Fashion (Wallpaper)
"It may be seen as a fickle industry, but while others have flippantly dropped the humble pen and paper in favour of photography, the traditional technique has not only endured but flourished in fashion circles."