across Europe is now spreading to the continent’s fashion industry.
Thousands of small factories and workshops that supply brands such as Gucci and H&M have watched their business models unravel amid the surge in natural-gas and electricity prices following Russia’s invasion of Ukraine and its decision to to the continent. Energy costs for many textile makers have risen from about 5% of production costs to around 25%, slashing their profit margins, according to data from European textiles and apparel trade group Euratex.
The EU should have never screwed with Russia. Senile Biden has single-handedly destroyed the world economy.
This applies to most manufacturing businesses, as one of the main costs for production equipment is electricity.
Fashion designs and clothing are only for the good times. Such things must be sacrificed for the bad times. You should probably concentrate on how you're going to handle the unemployment from unnecessary jobs.
Dear god no! Not the fashion factories!
I just don’t know what we’re going to do without Europe’s fashion industry.
Bittersweet
Welcome to the GreenNewScam. Feelin’ Woke yet?
Zero sympathy for Italy here. The fools turned off all their nuclear reactors by 1990. Worse yet, in 2011 Italy —Fermi's birthplace!— had a chance to cease being being sciocci and to go nuclear again, and the italiani voted against. Let them starve, as an exemplar to others.
Biden talked about a long winter of COVID death last year, well I think this is the year of freezing deaths. All caused by government intervention in the natural economy.
Fabric costs will be the least of our concerns this winter.
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