Weekly News Round-Up: September 17th-23rd

Brexit and LFW never fail to surprise - last week the fuss was all about the new developments of fashion and in politics. Not so surprisingly, the week also brought more evidence of the troubling landscape in the retail sector, with John Lewis experiencing a drop in weekly fashion sales and Orla Kiely closing down stores in London and Ireland. On the other hand, online retailers are experiencing a boost of confidence, with Farfetch completing its IPO in the New York Stock Exchange and Boohoo experiencing a change in management with a new CEO.

Tamara CincikSeptember 25, 2018news, fashion industry, brexi, business, LFW, online retail

The EU Free Trade Deal With Japan - A Win For European Fashion But A UK Own Goal? Asks Eszter Kantor

The Japanese fashion market is worth $25.45bn, with a consumer who has historically bought into British fashion brands: both heritage and avant-garde. This deal is predicted to boost the EU economy by 0.8%: a trade boost which the UK has no part of for a consumer who would have bought into Brand Britain. This agreement gives European stakeholders access to one of the strongest markets in the world (third in GDP), allowing them to diversify their investments and expand production in an era of increasing instability.

Informer