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Charles Tyrwhitt warns of price hikes

Charles Tyrwhitt founder Nick Wheeler has said its “four shirts for £100” offer has become unviable following the drop in the value of the pound after the Brexit vote.

Wheeler – who voted for the UK to leave the European Union – told the Mail on Sunday the price would likely go up to about £110.

”People are very price sensitive, but we are going to put the price up, we’ve got to,” he told the newspaper. ”It’s a currency issue, our shirts are costing us 20% more than they used to.”

Wheeler said he voted for Brexit knowing it would be “painful for my business” in the short term, but added: “In the long term I thought it would be good for Britain.”

 

 

 

 

 

Readers' comments (1)

  • “In the long term I thought it would be good for Britain.”

    And why should/would it be good for Britain, Mr. Wheeler? If you reply please not the usual politician's blah-blah.

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