The move will be a boon for Savile Row tailors as well as cashmere, bed linen, gin and whisky producers who’d been suffering the impact of the 25 percent tariffs on exports to the U.S.
British Chancellor Rishi Sunak unveiled his spring budget on Wednesday offering a fresh support package for business, although many would argue there is still much more to be done.
The Camera della Moda estimated that 3 billion euros is needed to restart the country’s fashion industry, impacted by the COVID-19 pandemic.
Sistema Moda Italia is turning to the government for aid to help the industry rebound.
Carlo Capasa, head of Italy’s fashion body, told the Italian government that 3 billion euros are needed to restart the country’s fashion industry, impacted by the COVID-19 pandemic.
The latest application metrics by the Geneva-based WIPO show that fashion and beauty companies worldwide were active filers.
The study reveals that emissions from the country’s cotton farming and production chain have reached critical levels while textile waste remains a growing problem.
A group of leaders, from Patrizio Bertelli, Gildo Zegna and Renzo Rosso, and fashion associations met on Wednesday to discuss the challenges and opportunities facing the industry and to join forces to speak up and help support the development of activities in the country.
Apparel retailers want to see the new administration roll back tariffs on Chinese imports, though they have yet to see signs it will.
A year into the ongoing pandemic, the textile industry group’s head emphasized the need for policies that incentivize domestic manufacturing.
The retail lobby, which wants online platforms to be more accountable for counterfeit sales, expects Congress to act in 2021.