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Xavier de Lecaros-Aquise

Co-founder, dress rental website Girl Meets Dress

“With regards to the VAT rise, while things will return to normal after the initial few months, the impact will undoubtedly create uncertainty for the first quarter. The rise will not affect our prices and it will be absorbed by the company. As for opportunities in 2011, ecommerce is still a relatively emerging sector and catalysts such as social commerce, strong consumer engagement and editorial content have the potential to enable significant growth to those that master it well. 2011 will most certainly see a wave of new fashion companies entering the online space.”

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