We’re not generally fans of $20 pairs of jeans—with denim especially, a little extra will get you a lot better stuff—but it looks like the days of cheap jeans may be numbered. The culprit: cotton prices.
The Telegraph spills the beans in a great report from Xintang, a southern Chinese city that turns out 260 million pairs of jeans a year for everyone from Levi’s to Evisu. But the price of cotton’s skyrocketing, the workers are becoming slightly better-paid and the factory owners can’t make a profit on budget priced jeans anymore. The result? Absent some globalizing shenanigans, the denim rack at H&M is going to get a bit more expensive.
We’re sure the head office isn’t too happy about it, but If that’s enough to spur anyone to move up a rung or two on the denim ladder, we’re willing to call it a win.
James Bond has faced down quite a lot—highlights include solar powered ray guns, a squad of brainwashed, agriculture-destroying ingénues, and Yaphet Kotto—but the world of international finance may have been more than he could handle. With Mr. Bond’s parent studio MGM buried under nearly $4 billion in debt, the 23rd Bond movie has been put on indefinite hiatus. Which is a shame, because it sounded kind of awesome, and Daniel Craig was on quite a roll.
Of course, knowing Hollywood, it’s hard to say how long this will last, but for now things look pretty grim. Count us as shaken.
As the economists say, it’s a recession when your neighbor loses his favorite vintage store and a depression when you lose yours. Well, we’ve got some bad news for you…
Houndstooth Vintage, one of Brooklyn’s best men’s vintage shops and our own personal Halloween costumer of choice, has closed up shop as of last week. You’ll still be able to get your hands on their goods by appointment through their blog—at the moment, they’re pushing a batch of vintage belts—but the days of stopping by in search of a vintage tux are over. Fare thee well…
Ever since Hart Schaffner Marx filed for Chapter 11, we’ve been waiting to hear what’s in store for subsidiary marques like hickey and Hickey Freeman. And while we wouldn’t advise giving up your stockpile of pot-logo’d polos just yet, we’re detecting a noticeable light at the end of the tunnel.
The latest report from WWD details the three main bidders for HSM, and their various priorities. It’s a safe bet that one of the private equity firms will come down with ownership, but the question is whether they’ll decide hickey’s worth more dead than alive. Naturally, we prefer the latter.