PARIS — The second phase of the economic crisis is weighing on the textile industry as it heads into the next edition of the influential Première Vision trade fair, with executives eyeing a less dramatic but potentially longer downturn.
Despite an encouraging start to the year for Europe’s textile industry, the future remains foggy in the eyes of Première Vision chief executive officer Philippe Pasquet. As consumer confidence waivers, he expects firms will continue to see slow growth in the coming months, strengthened by demand from emerging markets.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)