MILAN — The European financial crisis may have hit the Italian textile industry’s bottom line, but it hasn’t stopped its creative, innovative impulse.
According to forecasts by Italian fashion and textile consortium SMI Sistema Moda Italia, the Italian fashion and textile industry’s revenues are expected to drop 4.4 percent in 2012 to 50.45 billion euros, or $66.74 billion at current exchange rate. But Italy’s yarn manufacturers continue to invest in research to boost their businesses and be competitive on the international scene.
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?"