Euler Hermes news and archive

Study: 158,000 jobs and 13,000 apparel and textile companies could disappear by 2021

An unprecedented disruption of retail, production and trade like the current one could send the European textile and apparel industry into a tailspin. In its recent report “Bruised but not beaten, Europe’s textile industry is a perfect candidate for a greener and digital recovery”, credit insurance company Euler Hermes predicts turnover to fall...

Design

Credit insurance not extended for retailers

Insurance is vital to the fashion industry, with a myriad of processes from deliveries, orders, cancellations and fabrics being just some of the avenues where insurance is needed. Euler Hermes, Europe’s best-known trade credit insurance company, has said it will not extend levels of cover to the UK retail sector. It currently provides £7bn of...