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Burghard Schneider, chief executive of the 210-year-old Swiss textile manufacturer Cilander, sent a letter in late January that rocked its high-fashion clients.
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The end of Swiss cotton
The closing of a 210-year-old textile manufacturer in Switzerland sounds the death knell for an industry known for its high quality and sustainability standards. The demand simply isn’t there, insiders say.
Photo: Courtesy of Cilander