Agnetta Says Italian Mills Face Tough Future Without New Fabric Export Markets

COMO, Italy — Italy is declining domestically and demand is going down according to Piero Agnetta, principal of Milan based L.M. Consulting.  “The Italian textile mills are caught in a credit crunch because the banks will not lend them money to survive and their only hope is to export—but where?”  Agnetta says that Germany is still an interesting market and...