Sergio Tamborini, president of SMI, recently acknowledged the structural crisis in the global fashion system, emphasizing its impact on Italian fashion. The sector is witnessing consecutive negative signs over the past three quarters, signaling a significant shift. Together with Giovanna Ceolini, president of Confindustria Accessori Moda, Tamborini highlighted the need for unity among major fashion associations to address pressing issues.The decrease in global fashion sales, compounded by factors predominantly affecting manufacturing, underscores the urgency for collaborative efforts. The closure of Fondaco dei Tedeschi by LVMH's retail division, disregarding the fate of its employees, exemplifies the need for a consolidated approach to address industry challenges and crises, particula
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