Portugal’s rag trade braces for tough times ahead as bankruptcies double
Bankruptcies in Portugal’s fashion and textile sector doubled in Q1 of 2024 as the country’s garment and shoe manufacturers are being held hostage to negative geopolitical and overseas commercial headwinds. Text: Chris Graeme Portugal’s textile, clothing and footwear sectors were hard hit in the first quarter of 2024 as a fall in consumer spending, both […]