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By David at 01/26/2010 - 04:15
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France will loan to Fashion Design
On Monday, Industry Minister Christian Estrosi said he wanted to get one or two banks to develop services specializing in lending money to fashion companies and other creative businesses with the state acting as a guarantor for certain loans. "I want Paris to remain the world's capital of fashion," Estrosi told journalists. "Today, we need people to share the risks." Estrosi's aide, Sylvain Roques, said the government hoped to flesh out details of the new bank by the end of March. Estrosi said the French government was also considering handing out exemptions to the 35-hour week to staff who had to put in long hours before fashion shows.
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