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IED announces €1.5 million in new scholarships for 250 students

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IED announces €1.5 million in new scholarships for 250 students


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Nazia BIBI KEENOO

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September 2, 2025

The European Institute of Design (IED) has expanded its scholarship program with a last-minute initiative that offers 250 students a grant covering 50% of first-year tuition for three-year courses. Candidates must apply by September 22. This new €1.5 million investment complements the €3 million already distributed through IED’s regular scholarship cycles earlier this year.

Francesco Gori, CEO of IED Group

“Italy has the highest percentage of non-graduates in Europe — 40%, compared to the 20–25% average in other countries. We’ve seen that countries with fewer graduates often experience slower growth,” said Francesco Gori, CEO of the IED Group, during the project’s press presentation. “Over the past ten years, about one million Italians aged 18 to 20 have gone abroad — mostly to study — and many haven’t returned. With this initiative, we aim to provide more young people with the opportunity to stay and study in Italy. IED offers a wide range of English-language courses, and 70% of our students are international. In recent years, we’ve also seen more Italian students showing interest in studying in English.”

The scholarships apply to IED campuses in Milan, Rome, Turin, Florence, Cagliari, and the Aldo Galli Academy in Como. They are open to both Italian and international students who wish to pursue programs in Design, Fashion, Visual Arts, Communication, and the new Cinema course launching in October.

The jury, composed of course directors and faculty, will award scholarships based on the order of application submission. Each candidate must also complete an admissions interview that evaluates their motivation and readiness to engage in a hands-on academic program with mandatory workshop hours.

Riccardo Balbo, IED Group Chief Academic Officer
Riccardo Balbo, IED Group Chief Academic Officer

“Beyond increasing the country’s graduate rate, our mission is to help students build skills like lateral thinking and soft skills — essential today even in fields outside traditional creativity, such as consulting, finance, law, and engineering,” said Riccardo Balbo, Chief Academic Officer of the IED Group.

In addition to its campuses in Italy, IED operates in Spain — with locations in Barcelona, Bilbao, and Madrid — and in Brazil, with sites in Rio de Janeiro and São Paulo. Each year, IED educates around 10,000 students from 103 countries, reinforcing its position as an international hub for creative education.

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Fashion

Canada’s suit imports fall in Jan-Aug as casualwear demand rises

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Canada’s suit imports fall in Jan-Aug as casualwear demand rises



Import volumes mirrored the same trend. Canada imported *.*** million units in the first eight months of ****, down from *.*** million units in the same period of ****. The average landed price dipped further to $**.** per suit, marking a cumulative decline of nearly ** per cent since ****, when the average stood at $**.** per unit, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. Retailers have been moving towards lower-value assortments as consumers prioritise affordability, prompting sourcing shifts to cheaper origins and lower-spec tailoring.

The price reduction suggests increased competition, lower unit-value buying, and retailers favouring budget sourcing channels rather than premium tailoring suppliers—a response to elevated inventory pressures, cautious buying cycles, and slower store traffic for formalwear categories.



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How spinning sector strain is putting Bangladesh’s RMG might at risk

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How spinning sector strain is putting Bangladesh’s RMG might at risk




Bangladesh’s spinning sector is reportedly facing severe pressure from soaring costs, volatile cotton prices, and a surge in cheap yarn imports, even as industry leaders warned of potential shutdowns, risking millions of jobs.
In view of the existing scenario, stakeholders sought urgent support—gas price cuts, incentives, and anti-dumping measures to stabilise the sector.



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Indian rupee dips below 90 per US dollar mark for 1st time

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Indian rupee dips below 90 per US dollar mark for 1st time



The Indian rupee fell sharply yesterday, dipping below past the crucial 90-per-US dollar level for the first time.

It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 touched a day earlier.

The Indian rupee fell sharply yesterday, dipping below past the crucial 90-per-US dollar level for the first time.
It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 a day earlier.
The sharp fall in the rupee came amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal.

The sharp fall in the rupee amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal also weighed on domestic equity markets.

The development raised concerns about inflation and foreign investor activity.

The Reserve Bank of India’s monetary policy is expected to announce the interest rate decision on December 5.

Fibre2Fashion News Desk (DS)



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