GREEK TEXTILE AND CLOTHING INDUSTRY: RESILIENCE IN TROUBLED TIMES
March 1st, 2012
BY MICHAEL KOSMIDES, IN ATHENS
THESE are dark times for Greece's textiles and clothing industry, which has been particularly hit by the country's economic woes. Speaking to just-style, Vassilis Masselos, managing director of leading underwear manufacturer and retailer Nota Masselos SA and former president of the International Apparel Federation noted that "with more than 1 million unemployed, slashed wages and pensions and unprecedented taxation, Greeks today have very little disposable income for clothing". Consumers decrease their purchases ...
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