The AP reports that "Made In Italy" is going to cost more.
Italian designers including Gucci, Armani, Fendi and Versace are finding that it costs more to make fashion in Italy, and prices will begin to reflect that as of next year.
The fashion industry has also been affected by the rising Euro against the dollar. Demand for luxury goods in the U.S. seems to be declining, while production costs are rising. It's a pinch to be sure.
Other big names hot in the Italian fashion market right now include Roberto Cavalli, Dolce & Gabbana, Diesel, Miss Sixty and Etro, just to name a few.
Italian Designers Predict Higher Prices in 2008
More Stats +/-
Celebrity Sneaker Editorials
Conservative Climate Protection
Dog-Friendly Snack Bars
Anti-Procrastination Task Platforms