RUSSIAN TEXTILE INDUSTRY ON BRINK OF CRISIS, ANALYSTS WARN
October 1st, 2018
THE Russian textile industry is facing a new crisis due to a decline in demand this year, brought about by ever-increasing prices for local textiles and the low purchasing-power of Russian consumers, business analysts and producers have warned.
According to Anna Lebsack-Kleimans, chief executive of the Fashion Consulting Group, one of Russia’s leading analysis agencies in the textiles and clothing sector, prices for the majority of textile products available in Russia have increased by 20% year-on-year since the beginning of the year and those elevated prices ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.