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  • How Black Friday has become retail's grey area

    Steve Sidkin's comment 26 November 2019 11:31 pm

    This year - more than many previous years - Black Friday has the ability to be retail's grey area as the Black Friday concept spreads from at least 22 November to 29 November for many retailers. This is because in doing so it is potentially more difficult for retailers to ensure that promotional advertisements are clear and transparent and that the promotions will not fall foul of consumer protection law. But this http://ow.ly/7ACx30pVum8 may help retailers avoid problems.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Survival strategies for Brexit chaos

    Steve Sidkin's comment 26 October 2019 4:38 pm

    A full spectrum of views. But what seems to have been overlooked by most people both inside and outside the fashion industry is that what each of the May Government and the current Johnson Government negotiated were the terms of a withdrawal agreement. The objective of such an agreement is to set out the terms on which the UK may leave the EU. The negotiation with the EU of a trade agreement for the future is likely to take longer still if the EU's free trade agreement with Canada is an example.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Suppliers' shock at Asos discount demands

    Steve Sidkin's comment 20 August 2019 8:44 pm

    Following on from last week’s hit on its share price which reflected brokers’ fears of the affect on an online sales tax, the discount ASOS is effectively demanding of its suppliers means that it has doubled down on not winning friends!

    The gamble is that suppliers will decide to comply - despite no contractual obligation to do so - and then will decide to stick with ASOS going forwards.

    If, however, suppliers hold the line and refuse to accept ASOS taking the discount, it could exacerbate the share price position.

  • Mothercare to franchise UK stores as sales fall

    Steve Sidkin's comment 26 July 2019 8:50 am

    Usually fashion businesses look to franchising as a way of expanding - particularly overseas. As such, Mothercare's move is innovative. But what will landlords make of it?

  • This week's need-to-know people moves

    Steve Sidkin's comment 7 July 2019 5:59 pm

    Good to see more people moves. It is a healthy indicator of a competitive industry. But will fashion businesses be among the first to take advantage of this week’s Supreme Court ruling which confirms the enforceability of post-termination non-compete covenants in employment contracts?
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Price rises 'inevitable' in the event of a no-deal Brexit

    Steve Sidkin's comment 26 February 2019 11:09 pm

    Your commentators have highlighted understandably the affect of tariffs in the event of a no-deal Brexit. But to look at such an event only through that prism is mistaken.
    A no-deal Brexit is likely to result in adverse GBP currency fluctuation pushing up costs for those brands importing stock. It is also likely to result in disruption at sea and air ports.
    Unfortunately in my experience most fashion companies have not sought to emulate those who have planned (for example, Joules) and will instead take their chances.

  • Discounting up by a third before Black Friday

    Steve Sidkin's comment 22 November 2018 11:35 pm

    Following yesterday's news that Jigsaw was launching its first Black Friday sale, news of increased discounting before Black Friday highlights 2 fundamental issues for the industry:

    1. which fashion business will gain most in turnover but do so by slashing its margin with future implications; and

    2. which fashion businesses will be called out by the Competition and Markets Authority and the Advertising Standards Authority for consumer law infringement.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Debenhams credit insurance cut

    Steve Sidkin's comment 1 October 2018 10:33 pm

    Debenhams' woes mount. Together with breaking news of the sacking of House of Fraser's management by Sports Direct, the need for suppliers and concessionaires to be on guard only increases.
    Stephen Sidkin
    Chair, Fashion Law Group
    Fox Williams LLP

  • Debenhams defends its financial position

    Steve Sidkin's comment 11 September 2018 10:16 pm

    If Debenhams cannot convince markets as to its future then it could be déjà vu House of Fraser for fashion brands, suppliers, and concession holders.
    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Exclusive: Sports Direct offers aid to HoF suppliers

    Steve Sidkin's comment 6 September 2018 10:10 pm

    Whilst it is creditable that a major customer supports a supplier in need, what is not known are the terms of the loan. Further it is the case that as at 29 April 2018 Sports Direct International PLC had on its balance sheet cash at bank and in hand of £40.7m (up from £0.2m on the year before).
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Brands pull stock from House of Fraser

    Steve Sidkin's comment 13 August 2018 10:12 pm

    It would appear that a trial of strength is developing between the new owner of House of Fraser and brands which may consider that they do not need to be in HoF's stores going forwards.
    Addressing brands concerns over non-payment for supplies delivered or net receipts (in the case of concessionaires) following last week's pre-pack might go someway to providing confidence to continue to do business with HoF..
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Robinsons of Bawtry owner to launch 0% finance app for indies

    Steve Sidkin's comment 9 August 2018 10:06 pm

    Good to see technology being used to help retail. However, as a matter of financial services law participating retailers are likely to become “credit brokers” and have to be authorised. This is as a result of a myriad of rules concerning the promotion and sale of credit products which are designed to protect consumers - the very persons intended to be helped by the app!
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • MPs accuse Sainsbury’s/Asda merger of ‘financial fix’

    Steve Sidkin's comment 2 July 2018 10:17 pm

    Whilst the Competition and Markets Authority gives thought to the proposed merger of Salisbury's and Asda, today's news of Tesco and Carrefour planning to combine their respective buying powers can be expected in due course to further squeeze suppliers.
    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • New EU tariffs to hit US fashion imports

    Steve Sidkin's comment 22 June 2018 10:48 pm

    On the face of it a problem for retailers stocking US lines. and an opportunity for UK brands to take advantage.
    But of greater immediacy is yesterday's judgment by the US Supreme Court that individual US states can charge sales tax on online consumers even if retailer has no physical state presence. This will impact not simply ASOS and Boohoo but also those UK brands that look to sell online into the US rather than have a physical presence there.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Sézane opens first London store

    Steve Sidkin's comment 4 June 2018 10:00 pm

    Good to see Sézane progress from pop up to permanent opening.

    Sézane uses the brand name in France and the UK and enjoys trade mark protection in the UK by way of an International mark that designates the EU. If a deal is reached on Brexit then it is likely that Sézane’s EU mark will be converted on the UK register as an UK national registration. However, if no deal is made then this is unlikely to be the case.

    Sézane and other overseas brands also relying on an international mark that designates the EU should be considering on whether to apply to register in the UK now.

    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Calvetron Brands goes into administration

    Steve Sidkin's comment 4 May 2018 10:41 pm

    When a company goes into administration, the administrators have to consider the viability of the business. Understandably they will also want to recover monies due to the company in administration.

    But Jacques Vert faces a special situation. Given House of Fraser’s upcoming cva, it could well be that Calverton Brands’ administrators may struggle to obtain the monies generated by Jacques Vert’s concessions in House of Fraser.

  • Indies struggle with payments after tough first quarter

    Steve Sidkin's comment 25 April 2018 10:24 pm

    The payment problems facing indies are understandable. But care is needed. If they continue to trade whilst unable to pay debts as they fall due, directors of indies are exposed to being personally liable.
    Stephen Sidkin
    Chiar
    Fashion Law Group
    Fox Williams LLP

  • Pure Collection pays out $900,000 in US settlement

    Steve Sidkin's comment 13 February 2018 11:33 pm

    This case shows the power of whistleblowing. But Pure Collection is not the first fashion brand to be accused of such activity.
    Failure to abide by foreign laws can cause problems!
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Pure Collection pays out $900,000 in US settlement

    Steve Sidkin's comment 13 February 2018 11:30 pm

    This shows the power of whistleblowing. But Pure Collection is not the first fashion brand to be accused of such activity.
    Failure to abide by foreign laws can cause problems!
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • House of Fraser boss calls for Brexit clarity

    Steve Sidkin's comment 30 January 2018 11:28 pm

    Irrespective of being in the same boat, there are steps which fashion businesses selling to or buying from overseas (and, in particular, outside the EU) should be doing to prepare for Brexit.
    Putting to one side today's leak from DExEU, what has been studiously ignored is that the UK government may want certain things for Brexit and a transition deal, but without agreement by the EU27 a hard Brexit will result.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

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