Italy's Artisans Anxious as Brands Haggle to Bridge Luxury Gap

Jul 03, 2020 512

With unsold luxury handbags and clothing gathering dust in their workshops, Italy's artisans fear for their future as brands cut orders and in some cases demand discounts and payment delays.

Italy accounts for around 40% of global luxury goods manufacturing and has been hit hard by a dramatic drop in demand triggered by the coronavirus crisis, with several artisans saying they have no new orders beyond the summer.

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SOURCE: https://www.nytimes.com

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