French fashion flags its economic importance



France's fashion and fashion-related businesses such as jewels, eyewear, watches and high-end cosmetics generate more sales than its aerospace and automobile industries, according to a study commissioned by the French Fashion Institute, IFM.
It said annual sales generated by fashion-related businesses based in France totalled 150 billion euros ($170 billion), compared with 102 billion for aerospace and 39 billion euros for cars.
The study, by independent economists and statisticians from France's national statistics institute Insee, also used official customs data.
"This industry is... read more

 
4 October 2016 in Business, Views: 44
Source: Reuters
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