MILAN — More uncertainty looms ahead for yarn spinners in 2023, as corporations saw mixed performances resulting from a contraction in consumption — dented by fear of or actual recession — and market volatility.
Around 120 industry operators, 19 of which hail from abroad, are gathering on the three-day textile trade fair Pitti Filati starting Wednesday to unveil their fall 2024 collections, hinged on 3D and fuzzy effects.
Although yarn-makers’ executives consistently noted the truth of subdued growth since 2022, there appears to be cautious optimism in regards to the sector’s resilience, given its high dependance on the posh sector, which, in accordance with the newest Bain & Company’s Luxury Goods Worldwide Market Study — Spring 2023, is projected to grow between...
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