Fashion is an endless field of expression and creativity but also an industry composing a major pole of french economy. During Paris fashion Week®, the capital becomes one of the most important financial hub.
Fashion in France accounts for: • 150 billion € in direct sales • 1 million jobs • 2,7% of the French GDP generated by the fashion industry
The fashion industry, a major economic hub of the French economy (Indicators of direct activity) : • 150 billion € in direct sales, of which 33 billion € in exports
Détail : eyewear (9)+ perfumes/cosmetics (44)+watchmaking/jewellery (8)+ Shoes and leather goods (22)+Textiles & clothing (67) • 36 billion € of added value, representing 1,7% of the French GDP • 580 000 in direct jobs
Detail : eyewear (44)+perfume/cosmetics (128)+ watchmaking/jewellery 31)+ Shoes and leather goods (81)+ Textiles & clothing (294)
A complete upstream-downstream pipeline • Sales (Mds) : retail (74)+ Manufacturing (33)+wholesale (43) • Job (a thousand) : retail (362)+wholesale (80)+manufacturing (136)
Fashion is more important than the automobile and aeronautic industries in the French economy • Sales (Mds) : 150 (clothing) ; 102 (automobile) et 39 (aeronautic) • Exportations (Mds) : 33 (clothing), 56 (automobile) et 19 (aeronautic) • Percentage of GPD : 1,7 (clothing) ; 0,7 (automobile) et 0,5 (aeronautic)
Fashion industries, a major hub of the French economy (Overall weight) • 67 billion € in added value, representing 2,7% of the GDP generated by fashion • 1 million jobs
French companies, world leaders in fashion industries • Fashion businesses of French companies and French-owned foreign companies generate 70 Billion Euros turnover. • The 50 largest French companies in fashion have an export rate of 80% on average
Fashion Week, a driving force in the Parisian economy • 1,2 billion € in economic spinoffs yearly= 440 millions Euros (Impact of fashion shows and events combined)+ 725 million Euros (Impact of trade fairs) • Over 300 fashion shows yearly with 50% of foreign brands in the official calendar • 27 professional trade fairs; over 14 000 exhibitors and 75% of foreign brands at the fairs • 10,3 billion in sales figures achieved
Conclusion : The French fashion industry is characterized by an unparalleled ecosystem that unites creation and design, technical and industrial know-how, digital and management of the value chain
Annexe :
The true scope of the fashion industry
-Horizontal approach : several categories of activity :Textiles and clothing+Shoes and leather goods+Watchmaking+Jewellery+Fine Jewellery+Eyewear+Perfumes & cosmetics
-Vertical approach (upstream-downstream): creation, manufacturing, wholesale and retail
-Inclusion of direct activity…
-And of the indirect effects of this activity : • Creation of added value for service providers of the fashion industry such as media, communications, advertising, transport and logistics… • Creation of added value generated by income distributed amongst employees within the fashion industry Which sources has IFM mobilized to lead this study on fashion industries?
– Data from the NAF nomenclature – INSEE accounts and surveys, particularly ESANE, trading accounts. Input-output tables (IOTs) and inter-industrial exchange tables from national accounts for the inclusion of indirect activity – Customs statistics – Annual company reports and data from the DIANE “company” database