Home / Knowledge / News / Apparel/Garments / Turkish firms asked to acquire Italian apparel companies
Turkish firms asked to acquire Italian apparel companies
Sep '11
The current economic crisis in European countries provide an excellent opportunity for Turkish enterprises to buy Italian textile and apparel companies at reduced prices, Turkey's commerce attaché in Milan, Cumhur Isbirakmaz has said.

The attaché said a few Italian companies have already been bought by Chinese enterprises at very modest prices.

He said there are big opportunities in Italy as the small and medium enterprises are going through a bad phase due to the current financial crisis. Also, he added, there are some companies where the sons and daughters are not interested in continuing their family businesses.

He cited that a 30 million euro ready-to-wear and leather company was recently sold for mere 4 million euros. He asked the Turkish companies to act quickly and not to lose the opportunity.

Earlier this month, Italian Bottonificio Fossanese was acquired by Form Buttons, a Turkish garment buttons maker.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search