Orders sink for Italy's luxury suppliers as virus spreads - sources

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Orders sink for Italy's luxury suppliers as virus spreads - sources
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By Silvia Ognibene, Riccardo Bastianello, Silvia Aloisi

FILE PHOTO: Women in face masks are seen in Galleria Vittorio Emanuele II, after the Italian government imposed a virtual lockdown on the north of the country, in Milan, Italy March 8, 2020. REUTERS/Flavio Lo Scalzo/File Photo

Reuters spoke to a dozen textile and leather goods suppliers in the region of Veneto, which is affected by the quarantine, and nearby Tuscany. Many said that even before the unprecedented restrictions were put in place on Sunday, brands had been cutting orders from late January, as demand plunged in China.

Like most of the suppliers who spoke to Reuters, he declined to be named for fear of losing future contracts. The spread of the virus across the world, and to Italy in particular, has compounded the pain, with countries including Britain and the United States warning against non-essential travel to Italy, slowing tourism to a trickle.

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