Italian footwear positive after Micam & Mipel

Italy
Published:  15 March, 2022

The Italian footwear industry is reportedly optimistic about the sector’s growth following the Micam/Mipel events in Milan, March 13-15.

Organisers described the event as “a moment of true rebirth and restart of business affairs. A great demonstration of confidence by the participating companies and a strategic moment for the sector.”

One trade expert told the Libya Herald that, post-lockdown, consumers have begun to look down at their feet again after working from home in any footwear and, because people are dressing up to go out and get back to work, the sector is seeing renewed interest.

Confindustria Moda reports that the Italian footwear industry achieved a turnover of €12.7 billion in 2021, an 18.7% increase on 2020 but remaining down by 11% on pre-pandemic 2019.

The organisation also reported that, while luxury brands are driving exports, two out of three companies remain below pre-Covid levels while raw material prices, energy costs and the conflict in Europe continue to get in the way of growth.

Source: Libya Herald