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International

Pandemic costs fashion and textile industry nearly $4 billion

May 12, 2020 Reprints

Research by Italian federation Confindustria Moda found that the COVID-19 pandemic cost the local fashion and textile industry more than €3.5 billion ($3.8 billion) in revenue in the first quarter, Instant reports. Sales are expected to decline by around €9 billion by the end of the year.

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Pandemic costs fashion and textile industry nearly $4 billion

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