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  • Sports Direct buys share of Four Marketing

    Steve Sidkin's comment 2 September 2015 2:43 pm

    A strategic move for Sports Direct. But will it result in some brands looking carefully at the change of control clauses in their agreements with Four Marketing?

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP”

  • Suppliers demand change in law over retrospective discounts

    Steve Sidkin's comment 20 August 2015 10:35 am

    A small business commissioner would be a welcome first step. but it deoends on the powers which are granted. By way of comparison the Groceries Code Adjudicator has still to take substanial action. Meanwhile legislation such as that concerned with interest on late payment of debts is barely observed by industry.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • M&S restates online sales to account for £500m of returns

    Steve Sidkin's comment 22 June 2015 9:50 pm

    Failure to take into account the value of goods sold online but returned to stores is not good. But worse still is if a retailer (such as M&S) fails to analyse and then act upon the reasons for why goods sold online are returned – whether or not to store.

    The inexorable rise of online sales means that fashion retailers can steal a march on their competitors if they can (i) determine such reasons and (ii) act upon them.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Brands nervous about Jones credit risk

    Steve Sidkin's comment 17 June 2015 11:38 pm

    Ultimately suppliers have every reason to be nervous in a situation where credit insurance may disappear. Similarly in the case of BHS where in the same issue of Drapers you report that “one supplier [had seen] no movement yet from credit insurers”.

    For credit insurers the issue is one of risk assessment – what can they charge to take on the risk and what will it cost to reinsure the risk. And unsurprisingly credit insurers are in broad terms risk averse.

    For brands supplying retailers where credit insurance may not exist there is no magic answer beyond:
    1. an effective retention of title clause in the sale contract; or
    2. money up front; or
    3. reaching for your lucky rabbit’s paw or similar comfort blanket.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Hotter, Phase Eight and Seraphine win Queen’s Award

    Steve Sidkin's comment 22 April 2015 10:28 pm


    Many congratulations to Hotter, Phase Eight and Seraphine.

    In addition many congratulations should go to Mackintosh which has also won a Queen’s Award for Enterprise.

    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Editors Comment: 'Nailing tax evaders requires effort. So expect a hike in VAT instead'

    Steve Sidkin's comment 22 February 2015 9:19 pm

    The concern about a possible increase in VAT after the general election is well made. But it is just one of a number of possibilities – none of which make great reading. They include in descending order of likelihood:

    • possible increase in national insurance (aka employment tax);
    • possible increase in income tax; and
    • possible reduction in pension tax relief.

    There again it might be open to the next Chancellor to perm 2 from 3!

    Overall the next Government needs to recognise the role played by the fashion industry as well as the wider private sector economy in generating the wealth that the UK needs.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Discounts beyond our control, say brands

    Steve Sidkin's comment 19 December 2014 9:10 am

    Having seen mid-season sales from a number of multiples, the latest concern of indies about current discounting of brands is unsurprising.

    But:

    1. The points made by brands – that they cannot enforce resale price maintenance without infringing competition law – are correct.
    2. Price stability can be achieved to a greater extent when a brand has a selective distribution system is in place. Ironically, however, it is here that some brands do infringe competition law!
    3. Brand integrity is key to maintaining resale price and achieving high sell through.

    Finally where brands are not being discounted it is sometimes because the brand is acting unlawfully by enforcing resale prices. What will be interesting to see is the extent to which the Competition and Markets Authority starts to look closely at certain parts of the fashion industry in 2015.

    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Government slashes international trade show support

    Steve Sidkin's comment 2 November 2014 7:03 pm

    The cutting of Government funding for UK brands heading overseas beggars belief (and see Eric’s editorial comment). Alongside the review sought by Sponsors Alliance, affected brands should be lobbying their MPs and contemplating making Freedom of Information Act requests to discover what was really involved in UK Trade & Invest’s “review of all our programmes to ensure they are more effective”.

    It is also worth bearing in mind that not so many years ago Culture minister Ed Vaizey was reported as apologising to the BFC when the Treasury left London Fashion Week short of funding.

    A case of lightning striking twice?

    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

  • Upbeat indies vow to resist panic Sales

    Steve Sidkin's comment 12 October 2014 2:33 pm

    With the likes of Hobbs and Whistles now concerningly on mid season sale, the key issue will be whether competing indies can hold their nerve and go to end of season sale as late as possible.


    Stephen Sidkin
    Fashion Law Group
    Fox Williams LLP

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