Italian fashion grows. The French one more
Mar 6, 2018 9:33 am
The turnover of the French fashion top 15 was € 76.9 billion; 30.3 billion for the 15 big Italians
The Italian fashion sector ended 2017 with an increase of 2.5% compared to the previous twelve months, rising to a total of 64.8 billion (see the related sectors: jewelery, eyewear, costume jewelery and cosmetics). Exports rose by 4.3% (6% considering the enlarged sector) while the external balance reached 17.6 billion (27.9 billion with the enlarged sectors).
Exports in 2017 resumed accelerating their pace with the novelty of the Russian market where fashion registered a + 12.8%. On the other hand, exports to the United States remain problematic, down by 1.3%.
The fashion sector in France is much more concentrated than in the Italian sector: only the LVMH group is worth 37.6 billion, more than the entire Italian Top15. In second place Kering (12.3 billion), which includes Italian brands such as Gucci and Bottega Veneta. The first of the Italian ranking (with 9 billion) is Luxottica that, once completed the integration with Essilor, will be placed between the two French giants.
French fashion doubles Italians by turnover, grows more and is more profitable. Made in Italy fashion, however, is made up of more solid companies (financial debt equal to 22.7% of own resources against 35.5% of the French) and above all much more liquid (120% of debt liquidity against 51, 2%).
Source URL: http://eurasiatx.com/italian-fashion-grows-french-one/
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