Textile & Clothing in Italy: Bronze medal on the international fashion podium, but facing obstacles

10/31/2014 - Report
ic_blogtagEconomic OutlookItalyTextileDemandExportsGrowthIndustryInsolvencyPrice
Demand for clothing has collapsed, dragging the whole textile and clothing industry down: in Q1 2014, one in four business foreclosures was a clothing store. �Italy-made' fashion is facing rough competition from low-cost countries: value added has deteriorated by 22% over the last 15 years. Despite the threats, the Italian T&C retains its appeal: Italy is the 3rd strongest global performer, behind China and India, with EUR 45 bn of estimated T&C exports in 2015.

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Textile & Clothing in Italy: Bronze medal on the international fashion podium, but facing obstacles - Report