From the 413 million tons of cellulose fiber that is produced annually, 184 million tons come from virgin wood fiber.
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Logistic restrictions have been implemented due to the epidemic put production and shipments in check from the largest clothing factory in the world. The country exports 157.8 billion dollars in clothing each year.
American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.
Groups like Nike, Burberry or Capri, which have one of their main markets in China, have already anticipated the impact that the crisis will have on their annual accounts.
In the eurozone countries, last year, the sector recovered with a 0.3% growth following the drop in 2018, according to data from the European statistical agency Eurostat.
The retail fashion commerce in Europe suffers a year-on-year drop of 0.2% in December, according to Eurostat data.
Last week, France announced that it will ban companies in the fashion sector from destroying unsold items. The French Government follows in the footsteps of the United Kingdom or the city of New York.
In a span of ten years, American companies have been progressively battling to gain more shares in the fashion sector, the percentage grew from a shy 20% to 50%.
The US denim company has ended the period with a revenue of 5.8 billion dollars.
The United Kingdom will officially leave the European Union this midnight, Paris time, after yesterday’s ratification of the agreement by the Parliament.
The president of the United States has officialized the USMCA trade pact between the United States, Canada, and Mexico.
Wuhan, capital of the Chinese province of Hubei is one of the main business destinations in the area, where companies such as Shiseido, Hermès, Prada or Louis Vuitton operate.
Companies such as Adidas, Levi Strauss, Ralph Lauren or Under Armor have sent a letter to the Cambodian government over the threat of the country losing its trade preferences
The group, which will present its annual results next Thursday, will has been facing a decline in its benefits for three consecutive years.
US present Donald trump will sign the USMCA trade pact between the United States, Canada, and Mexico on Wednesday during a ceremony at the White House.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.