Italy'S Garment Industry Will Recover In 2014

Less than p ago, Mario Boselli, chairman of the Italy National Fashion Association, said that Italy's domestic market will improve slightly in the second half of this year, and the recovery will come in 2014.

It is estimated that in the first half of 2014, sales of a target= "_blank" href= "http://www.91se91.com/" > textile > /a > < a target= "_blank" href= "http://www.91se91.com/" > dress less than "industry" will usher in a 3.5% growth, and at the same time, the industry will return to the level before the 2008 financial crisis.

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In the past two years, the luxury market in Italy has been very worrying, which has shrunk 1 billion euros. Meanwhile, according to the Fashion Economic Trends report, the income of Italy fashion industry in 2012 dropped by 5.6% to 60 billion 200 million euros compared with the same period in 2012. The export of fashion also dropped significantly, and exports decreased by 32.4% to 41 billion 600 million euros in 2012.

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< p > while domestic sales in Italy are mainly tourists, Armando Branchini, executive director of Altagamma institution, said that in cities such as Milan, luxury consumption accounts for 70%.

The consumption of tourists is mainly concentrated in the big cities of Italy, such as Milan, Rome, Florence and Venice. The history of luxury consumption as a long way of life in Italy is coming to an end, and luxury stores in many small towns have been closed down.

Meanwhile, more and more fashion giants are falling into tax evasion scandals.

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< p > in addition to the drop in sales, < a href= "http://www.91se91.com/news/index_p.asp" > Italy < /a > luxury brands are also constantly being acquired by foreign countries.

Caruso, previously purchased by Fosun international, has become the third luxury brand in Italy this year.

In April of this year, Kai Yun group bought a majority stake in the Italy jewelry brand, and the paction amount was about 3 million euros.

In early July, Loro Piana, a Italy luxury group known as cashmere Alpaca fabric, was bought by the LVMH group for a 80% stake with a trading price of 2 billion euros.

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< p > however, from the first half of the year, Italy's fashion market is showing signs of recovery.

A survey published in August showed that Italy's manufacturing activity showed its first expansion in July for two years as output and new orders increased.

Data show that Italy's markit/adaci Manufacturing Purchasing Managers Index rose to 50.4 in July from 49.1 in June, up from 49.8 of market expectations.

The index rose for the first time since July 2011 to the top 50 of the divide and reached its highest level since May 2011.

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< p > in addition, the leading figures of many leading brands in Italy fashion industry have joined the Italy national a href= "http://www.91se91.com/news/index_c.asp" fashion "/a" Chamber of Commerce.

On the Sunday schedule of the 2014 Italy spring and summer fashion announced by the National Fashion Association of Milan, Armani and other "Italy made" have returned.

The entry of many luxury brands into the future of Italy is undoubtedly a "heavy" refueling. In the future, Italy's manufacturing is expected to usher in a beautiful "return".

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