Fashion crisis: more and more popular brands are struggling

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established fashion labels - no matter if Gerry Weber, Tom Tailor or Esprit - are painfully aware of this. “Established brands are under pressure”, observes trade journal "Textilwirtschaft".