Macron touts French fashion industry as economic motor ahead of election
(Recasts with Macron's visit)
By Mimosa Spencer
PARIS, Jan 20 (Reuters) - President Emmanuel Macron praised the fashion industry as France's top export sector on Friday, ahead of an election he wants to make about his economic record, as he inaugurated a complex of ateliers specialising in luxury craft-making.
French voters go to the polls in April to pick a new president, with Macron expected to run. He has been keen to shift the debate away from immigration and law-and-order and focus on the economy, which has been recovering strongly from the pandemic.
"Today, when I look at figures from 2021, it (fashion) is the leading export sector of our country," Macron told an audience of apprentices gathered at a new Chanel-sponsored site that brings luxury craft houses together.
"Your crafts are artistic crafts ... Your crafts are important for the economy," he said, adding that the sector accounted for 600,000 direct jobs in France.
The president and his wife Brigitte, who wore a Chanel haute couture jacket, spent two hours visiting the ateliers, examining elaborate embroideries work and speaking with craftspeople.
Pent-up demand from international buyers eager after months of lockdown to splash out on fine clothes and accessories from the birthplace of haute couture - or at least stamped with the logo of one of France's famous fashion houses - has helped fuel growth.
With an eye towards harnessing this growth spurt by fostering collaborative work, Chanel has grouped around 600 artisans together over seven floors, at the site on the edge of the capital's 19th arrondissement, known as 19M.
Reporting by Mimosa Spencer, editing by Gwladys Fouche, John Stonestreet and Toby Chopra
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.