«Fashion at 102 billion. Fashion will grow again in 2023»- Corriere.it

«The fashion industry closed 2022 at 98 billion, up 18%, more than estimated», Carlo Capasa, number one of the Chamber of Fashion pulls the strings of the fashion industry numbers, presenting the fashion week February (21-27).

In short, better than the +16% forecast for the closure of 2022 at an altitude of more than 96 billion and 600 million, already better than the expected 12%, according to the numbers of the research office of the Chamber, as initially expected in December. In short, the fashion industry withstood the negative pressures of the economic situation in the third quarter and turnover grew again by 19% compared to the same period in 2021, growth was 21.3% in September.

«The industrial prices of the fashion chain increased by over 7% due to energy costs, but consumer inflation for fashion was lower than the generalized 8.7%: in short, the brands absorbed the expensive prices rather than transferring it to the final price lists», continues Capasa.

And the fashion business forecasts for 2023 are even more flattering: «We expect to exceed one hundred to 102 billion in turnover – says Capasa -. We also think that consumer price inflation will be contained as in 2022. uncertainty and energy costs that have not yet stabilized. In the background, a fashion scene characterized by many mergers and acquisitions in progress, with the Camera della Moda which has asked the government to facilitate the union of forces because in Italy the average is very small companies. The other proposal of the Chamber is to pivot on the strength of the districts to help the digitization of the little ones. «The idea is to create a widespread digitization in the districts». Asked for more welfare for workers in the fashion sector, because the sector works if everything is balanced and we are all moving to help the most disadvantaged workers.

At the Fashion week which has the support of Ice-Ita as well as the Municipality of Milan, there will be 54 fashion shows for a total of a hundred with digital ones, 29 events for a total of 165 events in the official calendar and special events such as for Vitale Barberis Canonico, René Caovilla and Pollini. And in China the transmission of fashion shows thanks to Tencent. With the Fashion hub moving to Palazzo Giureconsulti, «the oldest congress center in the city», as Capasa defined it. Black carpets awards for diversity. Meanwhile, the Re.Crea Consortium project is proceeding with new made in Italy fashion houses ready to join the consortium founded by the Camera della Moda with Dolce&Gabbana, MaxMara, Moncler, OTB, Prada and Ermenegildo Zegna to manage the end of life of the garments fashionable.

Announced for March 28 the Change Makers in luxury Fashion with Zalando to celebrate the architects of change for the fashion industry. And on April 4 a workshop on Fashion and sustainability.

In addition to collectively managing end-of-life textile and fashion waste, the Consortium will also promote research and development investments in innovative recycling solutions. The dimensions of the phenomenon? In 2021, the textile waste disposed of amounted to 480,000 tonnes. Full operation of the Re.Crea consortium in April 2023, but we are already active for the definition of the structure. The green turning point of the Chamber which for years it must be said has been pursuing a 360-degree sustainability project, must be seen in preparation for 2025 when the European Directive on the extended responsibility of the producer with regard to textile waste will hit the world of fashion. In other words, each maison will have to account for the entire life cycle of the garments produced, undertaking to ensure circularity.