French fashion flags its economic importance. France’s fashion and fashion-related businesses such as jewels, eyewear, watches and high-end cosmetics generate more sales than its aerospace and automobile industries, according to a study commissioned by the French Fashion Institute, IFM. It said annual sales generated by fashion-related businesses based in France totaled 150 billion euros (US$170 billion), compared with 102 billion for aerospace and 39 billion euros for cars. The study, by independent economists and statisticians from France’s national statistics institute Insee, also used official customs data.
French fashion flags its economic importance
This industry is very much under-estimated by public authorities, said Ralph Toledano French fashion flags its economic importance, head of fashion brands Nina Ricci and Jean-Paul Gaultier and chairman of the French Federation of couture, ready-to-wear and fashion designers.