Home / Knowledge / News / Circulo Fortuny aims to enhance handmade manufacturing
Circulo Fortuny aims to enhance handmade manufacturing
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

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search