BUSINESS | Italy’s Fashion Leaders Urge Rome To Lift Restrictions On Industry

MILAN | ITALY – Italy’s fashion leaders called on the government on Thursday to loosen restrictions imposed in response to the coronavirus crisis to allow them to resume some production, warning that a prolonged lockdown risked irreparably damaging the sector.

‘Fashion is a seasonal industry, and certain dates are nor compressible. Not reopening shortly would mean giving up almost a year’s turnover’, said Carlo Capsa, the chairman of Italy’s National Fashion Chamber (CNMI), in an online interview on the website of daily ‘Corriere della Sera’.

Current lockdown measures in Italy – the country with the third highest number of confirmed cases after the United States and Spain – have been imposed until May 3.

The government has not disclosed how and when it will start easing a nationwide ban on business activities deemed as non – essential.

Fashion and textile plants throughout the country have shut as they do not fall into the category of essential business.

Many labels have reconverted production to make medical devices such as masks and medical overalls to meet rising demand during the emergency.

With a turnover of 95 billion euros ($98 billion) and 600,000 workers, Italy’s fashion and textile industry is the second most important nationwide.

It accounts for a 41% shares of the sector in Europe followed by Germany, which represents 11 % of the total.

Capsa suggested April 20 as a date to gradually reopen manufacturing activities in order to deliver fall/winter collections on time to shops around the world, and starts production of spring/summer collections.

‘We are closed, but other countries like France, Spain, Portugal, Turkey are starting to reopen’, said Claudi Marenzi, who is in charge of fashion at business lobby Confindustria, pointing out that the ban also has implications for Italy as a supplier.

‘This means that some brand may decide to switch to another supply chain, which in Italy is mainly made up of small companies. And once a company closes, you lose the know-how and you never recover’, he added.

Confindustria Moda represents 65,000 companies in the textile, fashion and accessories sectors. Most are small firms with only 15-20 employees, with sales highly dependent on foreign buyers.

Marenzi said Confidustria Moda has signed an agreement with unions overt stringent health and security measures to adopt at production  sites once these are allowed to reopen.

‘(The deal) shows that entrepreneurs and workers are aligned in their will to restart activities and save the Italian fashion industry’, he said.

‘An economic pandemic could cause more lasting damage than the health one. If we have to live with this virus for so long, then let’s live it’, Marenzi said, adding that if the industry could safely masks and gowns, it could also make clothes.


King Salman Heads Saudi Arabia’s First In – Person Cabinet Session Since Pandemic

Saudi Arabia’s King Salman bin Abdul Aziz headed on Tuesday the first in – person Cabinet meeting in Riyadh since COVID-19 disrupted activities globally. The Council of Ministers met at the al – Yamamah Palace in Riyadh on Tuesday to discuss a range of events front recent leaps made in bilateral ties with a number … More King Salman Heads Saudi Arabia’s First In – Person Cabinet Session Since Pandemic

Saudi Arabia To Host LEAP Tech Conference To Address Future Challenges

RIYADH, Saudi Arabia – Saudi Arabia will host the global technology conference LEAP on Feb.1 to 3 in Riyadh to address future challenges, as it consolidates its digital regional and global leadership. Targeting the attendance of 40,000 local and international visitors, the conference will involve over 350 speakers from 80 countries, as well as 700 … More Saudi Arabia To Host LEAP Tech Conference To Address Future Challenges

U.S. Citizens In UAE Warned To Maintain Security Awareness – Embassy Website

DUBAI – The U.S. Embassy and Consultate in the United Arab Emirates advised its citizens in the country to ‘maintain a high level of security awareness’ in a statement on Monday, following reports of a possible missile attack and accompanying missile defence activity over Abu Dhabi earlier in the morning. Such Statement are rare, for … More U.S. Citizens In UAE Warned To Maintain Security Awareness – Embassy Website

Loading…

Something went wrong. Please refresh the page and/or try again.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s