Mario Boselli, president of the Milan Chamber of Fashion, during his speech on the occasion of the fourth Luxury Summit, spoke of sudden slowdown awaiting the fashion sector in 2012, for which a quantified contraction is expected around 5%, but which risks being even higher.
In this economic context, the solution, according to Boselli, is to "put a hand on currency parity, if we want to deal with the entire branch, a parity between euro/usd or between euro/yen, otherwise we go nowhere“. The fashion sector closed 2011 with a flattering +5,5%, while "This year we would put our signature to close with a similar minus sign and therefore break even".
