Clothing and apparel around the world decline in demand forced the Italian fashion industry, following the automotive industry also began to request assistance to the government. In last week's Senate hearing, Italy, seven wholesale clothing textile and fabric industry representatives warned that if the government does not come to the rescue, the industry will face significant risks. Textile industry is one of the pillar industries of Italy, the Italian textile and fabric products accounted for 20% of European production to 25% of about 500,000 Italians in the industry with an annual turnover reached nearly 54 billion euros.
In many previous years, appeared on time at Milan and Paris, the United States now have the absence of buyers, they are now more inclined to place orders through the Internet and telephone. Retail shop owners and large buyers Week regarded in the fashion stakes in small pieces, can afford the accessories, because consumers have become extremely cautious and critical.
Paris Spring Department Store merchandise manager for men and women clothing Tancrede de Lalun, said he had not played in at least count to buy, to prevent a drop in demand.
Liberty of London chief executive Geoffrey de La Bourdonnaye in Paris, seven wholesale clothing Christian Lacroix fashion show, said: "I think people buy made in China has become a trend, worldwide spread of protectionism, the fashion industry there are the problem."
Former British Prime Minister Tony Blair had been a warm advocate of globalization, while protectionist sentiment in the United Kingdom now has seemingly strong.
France also introduced a protectionist policies, such as providing seven wholesale clothing assistance to the automotive industry. However, designers and retailers say, is not particularly keen on buying the French brand.