FRANKFURT—In the face of a potential worldwide recession, “I see fabric prices coming down,” says Jeff Thomases, Chairman of Swavelle Mill Creek, a large American converter, mill owner and distributor.
F&FI queried Thomases about skyrocketing freight and fabric price increases during the summer Heimtextil Fair here.
He was one of the few American buyers at the Fair which was well attended by Europeans.
Most suppliers were pleasantly surprised by the better-than-expected business activity at the off-season Heimtextil.