Textiles & Fashion

The textile & fashion industry is one of the North East’s strategic areas. There are many companies that operate and compete throughout the world with recognized brands and products of excellence; some of which were or are listed on the Stock Exchange. Within the framework of the fashion industry, the sport-system area – an innovative field created by small handicraft workshops – has now become a centre of knowledge and skills, whose unrivalled competitive advantage is unique in the world.  

Consimp’s professional staff have become appreciated and consolidated partners in many of these companies. By assisting companies operating in the production and marketing of textiles, clothing, footwear and accessories, Consimp’s professional staff have gained significant experience including:

• Valuation of intangible assets (in particular trademarks) or shareholdings;
• Impairment tests;
• Internal audit activities also conducted in foreign subsidiaries of a Client’s Group;
• Royalties audit;
• Issues specific to the application of IAS/IFRS international accounting standards to the sector and assistance in converting financial statements to meet IAS/IFRS standards;
• Due Diligence for the acquisition of companies or the monitoring of the state of health of a client/supplier;
• Attestation of turnaround plans;
• Valuations of conferral of company branches or shareholdings;
• Assistance in the framework of litigation promoted by the client for intellectual property protection and anti-counterfeiting;
• Ex parte advice in support of litigation with suppliers or agents.

The activities carried out in the textile and fashion sectors are enriched by numerous appointments to the Boards of Statutory Auditors.