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Steve Sidkin

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Comments (48)

  • Comment on: 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
    Fashion Law Group
    Fox Williams LLP

  • Comment on: 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.

  • Comment on: 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?

  • Comment on: 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
    Fashion Law Group
    Fox Williams LLP

  • Comment on: 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.

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