ITALY: Fila Pulls Out Of GDS Exhibition
Financial burdens may be proving too much for Italian sportswear company Fila with its last minute exit from the GDS footwear exhibition in Dusseldorf, Germany, a must-attend event for the serious players in the footwear industry. Last month the Milan-based company reported a net loss of $6.5m for the year 2000, despite strong sales growth in the US.