MILAN — Industry leaders showcasing their spring 2015 fabrics at the three-day Milano Unica fair that ended Thursday said they saw the sector shrink even more in 2013.
Most of these companies, saddled with high energy costs, were unable to compete and/or expand on a global level and/or were unsuccessful in accessing lines of credit. While this phenomenon mostly affected small and medium-sized companies over the years, the high-end Italian brands that survived the financial crisis said this will impact the whole sector if the government fails to intervene.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"