According to an article published by Fashion Mag on August 26, 2009, the Italian bank Monte dei Paschi has published results of a study of the Italian fashion and clothing markets which show little to be optimistic about in 2009, but forecasts improved conditions in 2010.

According to an article published by Fashion Mag on April 1, 2009, Pitti Filati, originally planned for 1-3 July will take place between 7 and 9 July at the Fortezza da Bossa in Florence. This is a result of the connection between the exhibition and Prado Trade, who are launching the new trade show Prima Moda Tessuto on these dates.

A show dedicated to advance premieres of ladies’ fashion, counting on around sixty exhibitors to start with, and Pitti Immagine intends to establish more permanent links with each of them.
“The congruity and proximity of the two exhibits devoted to different sectors but still complementary to fashion will allow the trade shows to reinforce their relationships with national and international operators”, claimed the organizers whilst talking to the Italian press. “Pitti Immagine Filati and its exhibitors are confirming their aims and the vital objectives; that is selection, quality and research.”

More information on http://www.pittimmagine.com/en/fiere/filati/

According to an article published by Fashion Mag on March 20, 2009, Italy is looking to help its fashion industry with a plan that includes tax credits and access to funds for companies feeling the strains of the global economic crisis.

According to the famous French weekly magazine “Journal du Textile”, intended for fashion and textile professionals, the “Camera della Moda Italiana” and its Spanish equivalent “Asociacion Creadores de Moda de España” signed an agreement which envisages the putting in place of a defense common policy of the fashion industry of the two countries. This alliance will deal with six points, including the harmonization of the calendars of the woman ready-to-wear collections presentation.

 Read the whole article in “Journal du Textile“ n°1993 / March 17, 2009

An article published on February 19th by Fashionmag.com talks about the impact of the crisis on the Italian sector.

‘Luxury brands have not been spared by the global economic turmoil and the sector has been hit by growing evidence of restrained spending even among the super-rich.
In a senate hearing this week, the head of Sistema Moda Italia, which represents the textile and clothing industry, warned of risks for the sector and called for government help.
The Industry ministry said a meeting would be held this week on the textile and clothing industry, adding it has already taken measures for the “Made in Italy” manufacturing sector.
Larger players look better able to weather the storm and observers see smaller and family-run companies being the hardest hit as production capacity outpaces demand.
Turnover for Italy’s fashion industry is expected to fall 5 percent this year to 63.2 billion euros ($79.58 billion), according to the fashion chamber.
At Milan’s January Autumn/Winter 2009/10 menswear fashion week, there were 20 percent fewer collections, Mario Boselli-Chairman of Italy’s National Chamber of Fashion- said, adding there would be about 10 fewer catwalk shows at Milan’s Feb 25-March 4 womenswear fashion week. Despite this, he said there would be more brands presenting designs.”Milan has 10 more collections than before the crisis,” he said. “People do not have the negative sentiment that they had before Christmas which affected January’s (menswear) shows.” ‘.

Read the whole article on this subject on Fashionmag.com http://uk.fashionmag.com/news/news.php?id=55141