BUSINESS
March 29, 1989 | From the Financial Times
Chinese authorities are taking action to restore order to the international trade in cashmere, one of the world's most luxurious fibers. The cashmere trade has been in crisis for more than a year because of the attempts by China, which produces almost all of the world's cashmere, to liberalize its internal trading system as part of its economic reform program.
MAGAZINE
January 8, 2006 | Christian M. Chensvold, Christian Chensvold is the creator of the website dandyism.net.
Of the endless shenanigans that Curious George has gotten himself into in the popular children's books and current film adaptation, surely none is this zany: Banana in hand, the whimsical simian now flashes his cheeky smile from the back of a Raw 7 cashmere sweater--price tag $385. Cashmere is flooding retailers from posh boutiques to Costco: Depending on your point of view (that is, your age and income), cashmere is becoming either fun and accessible or hopelessly vulgar.
NEWS
December 24, 1988 | MARTHA GROVES, Times Staff Writer
Judy Leaf of Beverly Hills admired some $400 cashmere shawls in London about five years ago, so when a friend went there recently Leaf asked her to get three of them. After seeing the bill for $2,100, Leaf said, "I almost dropped dead. It was like a house payment." Designer Donna Karan charged stores $195 a pair wholesale for her first 100% cashmere pants in 1985. By next fall, they are expected to be almost $425.
NEWS
December 25, 1997 | KATHRYN BOLD, SPECIAL TO THE TIMES
Empress Eugenie, wife of Napoleon III, used to test the fineness of her cashmere shawls by drawing them through her wedding ring. Today's consumers tend to leave their rings on their fingers when choosing their cashmere, but they would do well to follow Empress Eugenie's example and study the quality of the garments carefully before they buy. The price of cashmere is up; sweaters can cost thousands of dollars.
NEWS
December 18, 1998 | ROBIN GIVHAN, WASHINGTON POST
Cashmere, because of its rarity and expense, always had been considered a privilege of the wealthy. It was possible, perhaps, to find a sale or to catch a close-out, but mostly, cashmere sweaters, scarves and such were pricey and exclusive. But now, led most aggressively by Banana Republic, the fashion world is bringing forth a democratization of cashmere. Banana Republic's advertisements are tacked up on the sides of buses.
BUSINESS
December 4, 2011 | By Don Lee, Los Angeles Times
"It's been a disaster, a disaster," bellows Ubaldo Grazia. The owner of his family's 500-year-old ceramics business isn't talking about the financial meltdown in his country or the Eurozone debt crisis, but the weak U.S. economy that he said had cost him one customer after another. Saks, Tiffany, Nieman Marcus, Williams-Sonoma — his list goes on. Grazia's company, now in its 25th generation, is one of dozens of ceramics makers struggling in this picturesque medieval town known for its handcrafted pottery.