French Fashion Week Feels "Crisis"

The three day fashion week in Paris officially ended on January 28th.

Karl Lagerfeld, Chanel's designer, said he had felt the threat of the financial crisis.

He said that even now the rich are very cautious about spending money.

But if people do not spend money on fashion, they will not only seriously affect the fashion industry, but also bring about the impact on the world economy.

Lagerfeld also optimistic that many brands still maintain good sales performance, and people need to have confidence in the market.

In this fashion week, the price of each dress is over $ten thousand.

Godfrey Danny, editor in chief of the daily fashion magazine, predicts that in the current economic situation, designers of fashion men's clothing will be cautious in choosing luxury routes, while advanced women's clothing will still become the favorite of fashion women.

Paris fashion week shortened from four days to three days this year, and some smaller and less famous companies also withdrew.

There is no doubt that the ongoing global financial crisis will affect the European apparel industry this year, and European spending on clothing will continue to decline.