COGNICURRENT

Dec 26 • 18:52 UTC • 🇩🇪 Germany • FAZ

Attack from the Far East: When the last thread breaks

A Swabian knitting machine manufacturer, Mayer & Cie., has filed for insolvency due to the "fast fashion" trend and aggressive price competition from Chinese companies.

#insolvency #fast fashion #china #knitting machines #mayer & cie

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