Home / Knowledge / News / Fashion / Copenhagen Fashion Week kicks off from today
Copenhagen Fashion Week kicks off from today
30
Jan '13
Today sees the launch of Copenhagen’s five-day fashion week, which offers 45 shows, four trade fairs, and a wide array of fashion events for the public. The official opening of Copenhagen Fashion Week is marked by a press conference at City Hall, where Minister of Economic  Affairs and the Interior Margrethe Vestager welcomes guests to an occasion that draws more than 50,000 fashion professionals to view over 2,600 brands’ visions of autumn- and winter fashion 2013.

Says Margrethe Vestager, Minister of Economic Affairs and the Interior, on the importance of Danish fashion: "Danish fashion is a big and significant export sector. Even though the industry has experienced an economic downturn, there are good signs in sight, including the fact that the industry as a whole is managing to deliver surplus figures in tough times. It's a sector that has managed to adapt by focusing on sustainability, quality, and versatility, among other things. I have great confidence in the fashion industry's role in Denmark's economic future."

Light in times of darkness

Copenhagen Fashion Week takes place at a tough time for the industry. That’s clear from the new statistics from auditing- and consultancy firm Deloitte. Total revenues in the industry fell by 3.6 percent in 2012 (the same goes for export numbers), but in spite of this, two thirds of fashion companies got surpluses. Additionally, the numbers show that only two out of ten fashion companies are in risk of going bankrupt, which is far better than for many other industries these years. Besides that, the Danish fashion industry is doing well in neighboring markets; in particular, exports to Sweden and Norway have risen by 9 and 7 percent, respectively.

Deloitte’s Peter Mølkjær, commenting on the new figures, says: ”Our latest analysis of earnings by clothing manufacturers shows that four out of ten have enjoyed surpluses in the last three years. That’s not a lot, but I believe that the wheat has truly been separated from the chaff. Healthy companies have proven their sustainability, and they’re the ones we’ll be seeing more of now and in the future.”

Peter Mølkjær also predicts that, in 2013, the large clothing manufacturers will need to explore emerging markets - China, India, and Indonesia, for example, where the middle class is growing. ”In particular, that’s where purchase power will lie in years to come,” says Mølkjær.

CEO of Danish Fashion Institute and Copenhagen Fashion Week Eva Kruse is upbeat about the interest for the week:”Despite the tough times for retail and the Southern European crisis, there is still great international interest for Danish and Scandinavian fashion. We’re always excited to see whether the visitor figures stand their ground, as they’re crucial for revenues and exports.”

Copenhagen Fashion Week


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search