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Steve Sidkin

Recent activity

Comments (53)

  • Comment on: Debenhams defers concession payments

    Steve Sidkin's comment 31 March 2020 10:12 pm

    The decision by Debenhams to defer payments owed to concessionaires highlights that whilst the concession business model - whether instore or online - can offer brands many advantages, it does come with a price namely that monies resulting from sales made in concessions goes through the store or platform's accounts before it reaches the brand.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Comment on: Business rates holiday won't ‘save industry’s bacon’

    Steve Sidkin's comment 18 March 2020 11:35 pm

    Given decisions of Selfridges and Fenwicks (among others) to shut all stores until further notice, depending on the length of impact of #Coronavirus, the Summer sales are likely to be huge and heavily discounted.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Comment on: Editor's Comment: Fashion counts the cost of the coronavirus

    Steve Sidkin's comment 25 February 2020 11:03 pm

    The industry is resilient and it will recover. But not before some businesses have suffered the fallout from the Coronavirus whilst other businesses seek to take advantage of the situation to escape contractual obligations http://ow.ly/GrDd30qiCEm.
    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Comment on: Trade fears over 'disruptive' coronavirus

    Steve Sidkin's comment 2 February 2020 8:40 pm

    Given that the number of Coronavirus cases worldwide has overtaken that of the Sars epidemic, which spread to more than two dozen countries in 2003, the economic effects of the Coronavirus should not be understated. Fashion brands and retailers which have any connection with China can expect to feel some impact.

    This will not be limited to imports to the UK given that the Lunar New Year holiday has been extended by the PRC government. Nor to a drop in the number of Chinese tourists visiting the UK and their consequent spend instore. As more cities in China are quarantined, those businesses with their own stores or franchised units or selling via the likes of Alibaba.com are also likely to see a reduction in turnover.

    It follows that we can expect to see references to the Coronavirus when financial updates are given. Similarly some businesses may look to the force majeure clauses in their contracts to check if such clauses may assist them in the circumstances.

    Stephen Sidkin
    Chair
    Fashion Law Group
    Fox Williams LLP

  • Comment on: 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

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