Showing posts with label Fahion News. Show all posts
Showing posts with label Fahion News. Show all posts

Wednesday, August 11, 2010

Vintage at Goodwood

Vintage at Good wood: retro chic comes of age

Vintage has had a rocky ride to respectability. The Noughties saw the word become fashionable and then ubiquitous. Kate Moss paraded her Twenties flapper dresses, Topshop got in on the act, and vintage megastore Beyond Retro in east London became a hipster hangout. From T-shirts to tea sets, it became a watered-down label applied to anything second-hand. Now the pendulum has swung back: vintage is special again.

“Today, 'vintage’ is overground and it’s hard to find a town without a vintage clothes shop,” says Wayne Hemingway, designer and founder of Red or Dead, who has collected vintage since his youth. “But when I was growing up, wearing second-hand signified you were poor.”

Another long-term collector, Carmen Haid, gave vintage a respectable boost last year when she set up Atelier Mayer (atelier-mayer.com), an online emporium selling gems such as Halston from the Seventies and Nina Ricci from the Sixties. “I loved Net-a-Porter, but there was nothing like it for luxury vintage fashion. We have customers all over the world who buy our pieces because they want to look different, but want good service with it.” A shop opened to follow the website in Bayswater, west London, last summer.

Vintage at Goodwood and Atelier Mayer encapsulate the movement’s new image: polished, accessible and done with passion. They show that vintage can be relevant without being overhyped. But how do you class something as vintage?

“Strictly speaking, items have to be more than 25 years old,” says Haid. “We do take things up to the Nineties, but only if it is a fabulous piece.”

Hemingway sees the lines as more blurred: “I think it takes 20 years for something to look good. For me, it’s hard to class something from the Nineties as vintage. I personally wonder how anyone can be celebrating the Eighties again as, to me, it’s too recent, but it’s fresh to anyone under the age of 30. There’s nothing wrong with different generations interpreting vintage in their own way.”

Echoing New York’s established vintage scene, there’s a new breed of shops that offer well-chosen second-hand pieces at affordable prices, and with good shopping experiences. Wolf & Gypsy (wolfandgypsyvintage.co.uk), a new boutique in Brighton, offers an uncluttered selection in an airy, wood-floored shop. “Everything is hand-picked and I want customers to see that,” says Laura Pollard, Wolf & Gypsy’s co-founder. “I display the pieces to show off their character and charm, and the space makes for a pleasant shopping experience. These days, customers don’t want to visit a thrift shop that’s stacked to the ceiling.”

This appeals to the fashionable, time-conscious customer of today – and makes perfect sense. If you’re spending the same on a vintage dress as you would on the high street, you want the same level of comfort and service. These days, we don’t want to get our hands dirty finding bargains. Unearthing a forgotten gem is a hard task, which is why shops will often search on your behalf.

But for those who can’t stomach wearing cast-offs, however good a condition, vintage inspiration is never far away. Designer labels take endless cues from fashion that’s come before: just look at Chloé’s Seventies-esque trousers for autumn, Miu Miu’s Sixties-style minis or Louis Vuitton’s Fifties-look dresses.

Canny high-street brands, including Toast, Anthropologie and Fever, use vintage shapes each season. “We visit vintage shops and flea markets in New York, Los Angeles, Bangkok and Singapore for influences in both print and shape,” says Matt Barker, creative director of Fever (feverdesigns.co.uk). “A Forties dress can be inspirational, for instance, because they were cut on the bias to get the best shape possible. We might combine a Forties cut with a Seventies print, and end up with a dress that’s really interesting. Customers don’t always just want newness.”



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Wednesday, November 25, 2009

Xerium Technologies Receives Continued Listing Standards Notice from the NYSE

RALEIGH, N.C.--(BUSINESS WIRE)--Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that on November 18, 2009, it received notification from the New York Stock Exchange (NYSE) that it was not in compliance with an NYSE standard for continued listing of the Company’s common stock on the exchange. Specifically, the Company is considered below criteria by the NYSE because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading day period.

This notification represents the second instance that the Company was not in compliance with this criterion during the past twelve months. On December 29, 2008, the Company was first notified by the NYSE that, in addition to not being in compliance with this criterion, the Company was also not in compliance with continued listing criteria under Section 802.01B of the Listed Company Manual because its average total market capitalization was less than $75 million over the same consecutive 30 trading day period, and its most recently reported stockholders’ equity was less than $75 million. In February 2009, the NYSE submitted to the Securities and Exchange Commission an immediately effective rule filing that reduced these amounts to $50 million, respectively. The Company cured the first instance of noncompliance under the $1.00 share price listing standard as of June 29, 2009, which represented the end of the six-month cure period prescribed by NYSE rules.

In February 2009, the Company submitted a plan advising the NYSE of definitive actions the Company has taken, or proposed to take, that would bring it into compliance with the market capitalization listing standards within 18 months of receipt of the initial letter, which is June 29, 2010. The Company continues to provide the NYSE with quarterly updates to this submitted plan. Such quarterly updates include detailed commentary and description of the actions the Company is taking with its lenders in order to resolve the financial covenant non-compliance under its senior credit facility for the period ended September 30, 2009, which is presently waived through December 15, 2009. The Company believes that the covenant noncompliance is negatively affecting the Company’s share price and market capitalization.

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The NYSE is reviewing the second instance of noncompliance under the $1.00 share price standard in connection with its broader assessment of the Company’s progress on this previously submitted 18-month business plan in order to determine the appropriate action concerning the Company. The NYSE is continuing to monitor and assess the situation with the Company. Depending on the circumstances, the NYSE could truncate the procedures outlined in Section 802.01C that would otherwise be applicable to companies that are not in compliance with the share price standard, or it may initiate suspension or delisting procedures concerning the Company. Additionally, the NYSE may also take accelerated listing action in the event that the Company’s common stock were to trade at levels deemed to be abnormally low over a sustained period of time or in the case of other material adverse developments.


The Company’s business operations, credit agreement and Securities and Exchange Commission reporting requirements are unaffected by this notice.

About Xerium Technologies

Xerium Technologies, Inc. (NYSE: XRM) is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 32 manufacturing facilities in 13 countries around the world, Xerium has approximately 3,300 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. These risks and uncertainties include the following items: (1) we may not be able to meet the goals set forth in our plan to achieve NYSE compliance; (2) even if we meet the goals set forth in the plan, we may not be able to achieve compliance with NYSE continued listing standards; (3) we may be unable to successfully resolve our credit issues, which would result in the acceleration of our debt, and we anticipate we may not have sufficient cash available to pay our debt and continue operations, (4) we are subject to significant risks as a result of the current global economic crisis and the associated unpredictable market conditions; (5) market improvement in our industry may occur more slowly than we anticipate or not at all; (6) our plans to reduce trapped cash, develop new products, and reduce costs may not be successful; and (7) the other risks and uncertainties discussed elsewhere in this press release, our Form 10-K for the year ended December 31, 2008, and our subsequent SEC filings. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this press release reflects our current views with respect to future events. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise. As discussed above, we are subject to substantial risks and uncertainties related to the current economic downturn and our credit issues, and we encourage investors to refer to our SEC filings for additional information. Copies of these filings are available from the SEC and in the investor relations
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