The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MILAN, Italy — Italy's fashion industry expects its revenues to stall this year, with growth of just 0.1 percent, a far cry from the average 3 percent annual growth rate it has achieved over the last decade and which it hopes to recoup in 2020.
The business is the main exporting sector in Italy, which is home to firms including Prada and Salvatore Ferragamo, with around 75 percent of its turnover generated abroad.
"It's been a tough year, weighed down by an unfavourable international environment. Next year, we hope to return to the growth rates we are used to", Carlo Capasa, chairman of Italy's National Fashion Chamber, said on Thursday.
Fashion groups have blamed tensions related to the trade conflict between the United States and China, concerns about Brexit and the Hong Kong protests for lower sales.
By Claudia Cristoferi; editor: Alexander Smith.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.