The fashion retailer selling cult menswear brands has been named as one of the fastest-growing companies in the UK after seeing profits soar by 139%. It is planning to open a flagship store in London’s Soho this year.
British shop prices dropped in March at the fastest pace in more than a year, adding to signs that inflation pressure caused by the pound’s post-Brexit drop is fading away, an industry survey showed on Wednesday.
With more and more fashion houses going fur-free, San Francisco banning fur sales in the city and British MPs considering outlawing all imports of pelts after Brexit, the signs do not seem good for the fur sector.
Prime Minister Theresa May will likely win a Brexit deal that suits both sides of her warring party and the EU because the alternative does not bear thinking about, the boss of Next and a prominent Leave supporter said.
The higher end of the UK fashion sector could be hit hard come Brexit as leaving the EU will wipe out a major chunk of copyright protection for British designers and could even endanger London Fashion Week.
Britain's retail sector has turned toxic in a climate of squeezed consumer spending laced with Brexit uncertainty, but low valuations are making some stocks a tempting prospect for the brave contrarian.