A metallized thermoplastic label includes a first skin layer containing a
thermoplastic and a first cavitating agent, wherein the first skin layer
has a first side and a second side, the first skin layer is cavitated,
and the first side of the first skin layer is adapted to be used in
contact with a cold glue adhesive. The label further includes a cavitated
core layer and a second skin layer that is metallized. The particle size
of the cavitating agent in the core layer is selected to achieve a
desired appearance, especially luster, of the metal layer.