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Italy's Fashion Industry Needs 3 Billion Euros, Camera della Moda Says

Italy’s Fashion Industry Needs 3 Billion Euros, Camera Della Moda Says
Women's Wear Daily (WWD)
3/3/2021
Luisa Zargani
MILAN — Carlo Capasa, chairman of the Italian Camera della Moda, is speaking up for the country’s embattled fashion industry.
This week, Capasa was in Rome to speak about the industry’s prospects within the the national Recovery and Resilience Plan during talks held by the lower Chamber’s industry Commission and the Senate’s European budget and affairs Commission. On this occasion, he quantified the sum needed to restart the fashion industry, badly affected by the coronavirus impact.
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According to Capasa and the Camera, up to 3 billion euros would be necessary as part of an “immediate intervention” to support all the small and medium-sized enterprises in Italy, many counting fewer than 15 employees. The investment, he said, is “needed to restart a key sector in the Italian economy.”

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