Spanish fashion industry: more than 400 million euro

  • Economy

Spanish fashion industry: more than 400 million euro

Francis Montesinos show at Mercedes-Benz Fashion Week Madrid 2017. Photo: EFE/J.J. Guillén. (EFE)
Francis Montesinos show at Mercedes-Benz Fashion Week Madrid 2017. Photo: EFE/J.J. Guillén. (EFE)

The Spanish fashion industry is unstoppable. According to El diseño de moda español, en cifras (Spanish Fashion Design In Figures), a report by the Spanish Fashion Designers’ Association (ACME), the Association members’ revenue in 2015 was 405 million euro and they gave jobs to 5600 employees. The report shows that the sector is in good health and emphasises its relevance in the Spanish economy, as well as its success and recognition around the world.

Conducted for the first time, the report reveals that the ACME revenue accounts for 50% of the total turnover of specialist design in Spain898 million euro in 2015, comprising both fashion and graphic design, according to the National Statistics Institute (INE).

Other figures in the ACME report: 17.92 million euro in licensing and franchising, 8.9 million clothing items or accessories sold (22% of them made in Spain), 7500 points of sale in the country and 2500 international outlets.

At the presentation of the report at the Region of Madrid Department of Culture and Tourism, the head of ACME, Modesto Lomba, said it would ‘improve our knowledge of the business and show its objective contributions to society beyond design and creativity, as well as its value in terms of the creation of wealth and wellbeing.’

The report was published by ACME, currently comprising 56 members, with the collaboration of the fashion economic news website Modaes.es, with the aim of checking on the health of Spanish design.

 ‘If all ACME members made a single company, it would be the sixth largest business by revenue in Spain, only behind the big players in the fashion industry,’ said Pilar Riaño, editor in chief at Modaes.es.

Fashion on the rise

The fashion industry is a strategic economic sector in Spain, one of the most representative businesses of the Spanish economy. According to El Sector de la Moda en España: Retos y desafíos (The Spanish Fashion Industry: Challenges), a report conducted by ISEM-Fashion Business School (University of Navarra) for the Spanish Fashion Observatory, the fashion industry accounted for 2.8% of our country’s GDP and 4.3% of total employment.