Plymouth Argyle Talk - Democratic

The 'ONLY' Independent Internet Forum for Argyle Fans
 
HomeHome  RegisterRegister  Log inLog in  

 

 Who is the fashion magnate?

Go down 
5 posters
AuthorMessage
Tgwu




Posts : 14430
Join date : 2011-12-11
Location : Central Park (most days)

Who is the fashion magnate? Empty
PostSubject: Who is the fashion magnate?   Who is the fashion magnate? EmptyThu Oct 20, 2016 8:30 pm

Brexit could hike clothes prices says fashion magnate James Brent (They keeping him in the spot light)

The cost of clothing could rise due to Brexit but the UK could still sort out a successful "divorce" from Europe, says leading Plymouth businessman and fashion chain boss James Brent.

Shoppers have already seen clothing prices increase by 0.1 per cent in September 2016, as the falling value of sterling makes imports more expensive.

And Mr Brent (below) is concerned about future hikes as Prime Minister Theresa May's Tory Government figures out whether to opt for a "hard" Brexit from the European Union, or one that retains benefits of the single market.

He said access to that market would be "helpful" but is more concerned about what impact a reduction on foreign labour would have on the UK.

Nevertheless, he is convinced the UK can negotiate its way to a suitable settlement and that business will cope with changes.

Mr Brent is Plymouth Argyle chairman and director of Natatomisam Ltd, the holding company which owns the Pavilions and the Saltrock fashion chain.

He said Saltrock only sells in the UK market, but imports yarn and some man-made materials from abroad, making it vulnerable to currency fluctuations.

"Saltrock imports from China and India, and the cost of yarn and raw materials are US dollar denominated, that impacts on the cost," he said.

Aside from rising costs, there is the potential impact on tariffs from a "hard" Brexit.

The British Retail Consortium (BRC) has warned that if the UK does not reach a post-Brexit trade agreement with the EU by 2019, the nation could be forced to use World Trade Organisation (WTO) rules.

This, it says, would mean tariffs on food and clothing rising sharply, with clothing and footwear prices going up by 16 per cent.

Mr Brent said Brexit could also effect consumer behaviour, and said: "There is a question mark over the impact of Brexit on consumer sentiment. We will have to see how that plays through."

Mr Brent said he voted to remain in the EU in the June 23 referendum, and said: "I was concerned about the risks that would be associated with exit, not because I though we couldn't have a better Britain outside the EU."

But he stressed that successful businesses will be able to handle whatever issues Brexit throws up.

"We are embracing it," he said. "The discussion is how we can improve out business in the context of Brexit.

"We are physically located in Europe and very established with partners in Europe, I don't think any of that changes.

"I have a high degree of confidence there is a mutuality of interest between ourselves and partners in Europe to have an efficient, thoughtful divorce, rather than an inefficient one.

"Trade relationships will be maintained and new trade relationships will be found."

He stressed continued single market membership would be "helpful", but added: "Not to be forgotten, and critical to this country, is immigration.

"This country's success is dependent on immigration."

He said by all means "manage" the amount of immigration but stressed: "But not no immigration."

He added: "That relationship needs to be built on with Europe.

Back to top Go down
Guest
Guest




Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 8:29 am

Wow, Thats pretty much how I see it, although i notice that Brent is keen to avoid mentioning the fact Saltrock don't manufacture so much as a stitch in the UK
Back to top Go down
Dick Trickle




Posts : 2622
Join date : 2014-02-15

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 10:40 am

Nah, they only import yarn....it just so happens that the yarn is conveniently already stitched together in the shape of a t-shirt.

Back to top Go down
Tgwu




Posts : 14430
Join date : 2011-12-11
Location : Central Park (most days)

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 10:57 am

He keeps coming again and again with these yarns Very Happy
Back to top Go down
RegGreen




Posts : 5836
Join date : 2015-07-08

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 2:05 pm

Tgwu wrote:
He keeps coming again and again with these yarns Very Happy
lol more yarns than a cotton factory
Back to top Go down
PatDunne




Posts : 2614
Join date : 2013-11-21
Age : 63

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 2:10 pm

the story about the loose fitting Saltrock clothing range was hardly a gripping yarn...
Back to top Go down
RegGreen




Posts : 5836
Join date : 2015-07-08

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptyFri Oct 21, 2016 2:14 pm

Surprised anyone buys saltrock clobber its a right load of shit anyway..clothing magnate now jimmy hahaha pissed myself laughing not exactly Paul Smith or coco channel ..lol
Back to top Go down
seadog
Admin



Posts : 14661
Join date : 2011-05-10
Age : 65
Location : @home or on the piss

Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? EmptySat Oct 22, 2016 10:56 am

stopping immigration into the EPL would help UK football.
Back to top Go down
Sponsored content





Who is the fashion magnate? Empty
PostSubject: Re: Who is the fashion magnate?   Who is the fashion magnate? Empty

Back to top Go down
 
Who is the fashion magnate?
Back to top 
Page 1 of 1
 Similar topics
-
» Suits and football fashion

Permissions in this forum:You cannot reply to topics in this forum
Plymouth Argyle Talk - Democratic :: Home Park :: Zoo Corner-
Jump to: