×
71 659
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Glendale
Permanent · Glendale
MACY'S
Asset Protection Detective, Tucson Mall - Full Time
Permanent · Tucson
MACY'S
Asset Protection Detective, Santa Maria Town Center - Full Time
Permanent · Santa Maria
MACY'S
Asset Protection Detective, West Dade Miami Int'l - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Square One - Part Time
Permanent · Saugus
MACY'S
Asset Protection Detective, Roosevelt - Flex
Permanent · Philadelphia
MACY'S
Asset Protection Detective, Providence Place - Full Time
Permanent · Providence
MACY'S
Asset Protection Detective, Tysons Corner Center - Part Time
Permanent · McLean
MACY'S
Asset Protection Investigator, Cheshire - Full Time (2840)
Permanent · Cheshire
MACY'S
Asset Protection Officer, Cheshire - Full Time (2840)
Permanent · Cheshire
MACY'S
Asset Protection Detective, Warwick Mall - Full Time
Permanent · Warwick
MACY'S
Asset Protection Detective, Smith Haven - Full Time
Permanent · Lake Grove
L'OREAL GROUP
Director Global Marketing Thayers Skincare (Brand Identity + Campaign)
Permanent · New York
L'OREAL GROUP
Director Global Marketing Thayers Skincare (Brand Identity + Campaign)
Permanent · New York
L'OREAL GROUP
Director - Finance Transformation
Permanent · New York
URBN
Free People: Senior Buyer, Denim/Bottoms
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · NIAGARA FALLS
PUMA
District Manager - South Florida (Miami)
Permanent · SOMERVILLE
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · WINCHESTER
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · FRESNO
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · SANTA BARBARA
SALLY BEAUTY CORPORATE
SEO Specialist
Permanent · DENTON
By
Reuters API
Published
Mar 11, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Britain's luxury sector warns of £6.8 billion loss from no-deal Brexit

By
Reuters API
Published
Mar 11, 2019

Britain's luxury sector, including names such as fashion house Burberry and car maker Bentley, could lose up to 6.8 billion pounds in exports a year if the world's fifth largest economy crashes out of the European Union without a deal, research commissioned by the sector indicated.


Burberry



The United Kingdom's tortuous crisis over EU membership is approaching its finale with an extraordinary array of options including a delay, a last-minute deal, a no-deal Brexit, a snap election or even another referendum.

Research commissioned by Walpole, the lobby group for the luxury industry, indicated that up to a fifth of British luxury exports would be at risk if the United Kingdom left without a deal on March 29. Reuters saw excerpts of the research.

"British luxury businesses are committed to staying in Britain, but we are losing patience with the government taking us to the knife edge of no-deal," said Helen Brocklebank, the CEO of Walpole.

"The cost to the UK economy in lost exports from British luxury will be nearly 7 billion pounds and we believe that money should be used to strengthen the country not diminish it. We urge the government categorically to rule out no-deal exit."

Walpole's counts 250 luxury brands amongst its membership, including Alexander McQueen, Burberry, Bentley, Claridge's, Dunhill, Harrods, Glenmorangie, Net-A-Porter, Rolls-Royce Motor Cars and Wedgwood.

The bulk of the damage would be due to changes to market access driven by tariff and non-tariff measures, for example, regulations such as health and safety requirements or environmental standards, according to the research.

About 80 percent of Britain's luxury goods go overseas, and Europe is its largest market.

Prime Minister Theresa May was scrambling on Monday to clinch concessions from the European Union in a last-ditch attempt to avoid another humiliating defeat in parliament of her deal to exit the bloc.

May has offered lawmakers the vote on Tuesday on what she had hoped would be a revised deal.

If her deal is defeated, May has said she will give lawmakers a vote on Wednesday on leaving without a deal on March 29. If they reject that, then they will vote on Thursday on delaying Brexit.

 

© Thomson Reuters 2023 All rights reserved.