Home / Knowledge / News / Circulo Fortuny aims to enhance handmade manufacturing
Circulo Fortuny aims to enhance handmade manufacturing
09
Jun '11
The Casino of Madrid hosted the official launch of the Circulo Español del Lujo Fortuny, an association founded by a group of companies in the luxury sector: Loewe, Numanthia, Lladró, Carrera y Carrera, Natura Bissé, Village Olive payments, La Amarilla de Ronda (LA Organic) and Sotogrande.

Circulo Fortuny's main objectives are: to promote and protect the luxury sector as part of the Cultural and Creative industries, at both national and international level, acting as spokesperson of the Spanish brands in this sector. In addition it will enhance the image of high end Spanish brands' products and services abroad, and to represent and defend the specificity of this sector as a key driver for the Spanish economy, by promoting training and sharing experience and common knowledge among its members.

During the presentation of the association to the media, Mr. Carlos Falcó – Marques de Griñon –, Executive President of the Circulo, and Mr. Enrique Loewe, Honorary President, emphasized the social aspect of the luxury sector in Spain and the importance of its role as a key driver of economic growth in the XXI century. "The luxury sector - which values handmade manufacturing and guarantees excellence in craftsmanship - is particularly resistant to economic downfalls, and will therefore be a key element for the economic recovery," said Carlos Falcó during the event. Ms. Almudena Arpón de Mendivil, partner at Gómez Acebo & Pombo, was appointed general secretary of the Circulo.

Currently, the luxury sector's contribution to the Spanish economy is highly significant yet poorly recognized. Luxury products are characterized by - among other things - fostering tradition and craftmanship, while modernising and innovating production. Thanks to the creativity of this sector, its foundation in culture and the meticulous standards of their distribution channels, the industry employs around 800,000 people in Europe with sales volume of approximately 136 000 million euros. In Spain, despite a slower recovery compared to other countries, the sector shows strong signs of improvement thanks to purchases by tourists on the one hand, and to high levels of exports, on the other.

Therefore enabling the companies of Circulo Fortuny to benefit from the economic recovery of other countries (or the maintenance of activities in countries which were not affected by the crisis) avoiding thus restructurings that have taken place in other sectors. Barcelona and Madrid alone hold nearly two-thirds of Spanish high end consumption. It is important to highlight that the sector's products are manufactured in Europe regardless of whether they are destined for the internal market or third countries, which again allows the sector to maintain employment locally which is crucial for the Spanish economy and the economy of neighbor countries. In brief, the dynamic of the sector shows it's resistance to the economic crisis. One figure that is particularly significant is the 8% expected global growth of this sector according to the survey Bain Altagamma Worldwide Markets Monitor 2011.

Must ReadView All

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

Indian GDP to grow at 7.5% this fiscal: Arun Jaitley

The GDP of India will grow at the rate of 7.5 per cent in 2017-18 as...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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