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The Italian fashion industry is poised to witness a growth of 3.2% in 2023, reaching sales of €111.7 billion, according to data released by Confindustria Moda. This growth is exclusively attributed to increased sales in value terms, marking a shift from the pandemic-induced trend. However, for the first time since the pandemic, the industry experienced a contraction in volumes. Additionally, the year saw a notable reduction in profit margins, influenced by surging energy and raw material costs, which were not offset by higher downstream prices.

Barcelona-based fashion giant Mango has set its sights on substantial expansion, announcing plans to open approximately 500 new stores by 2026. The renowned brand, celebrating its 40th anniversary next year, is determined to close fiscal 2023 with sales exceeding 3 billion euros, building upon the 2.68 billion euros in revenue generated last year.

In preparation for the upcoming European Parliament elections scheduled from 6 to 9 June 2024, EURATEX, the European textile and apparel association, has unveiled a comprehensive Manifesto that articulates 15 key requests aimed at advancing a competitive European textiles and clothing industry. With the elections holding significant weight in shaping the new European Commission, EURATEX emphasizes the pivotal role played by the textile sector in contributing to European wealth, jobs, and growth.

  1. EU Apparel Import Drop On The First Eight Months
  2. European fashion brands launch new sustainable collections for the fall season
  3. Türkiye apparel to beat China
  4. Comistra regenerate wool from used clothing