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UK clothing and lifestyle brand Joules is terminating some of its wholesale agreements with stockists in the European Union. Drapers explores who else is following suit, and what the implications are.
It may have been over three years since the UK formally left the European Union but UK brands and retailers continue to face a slew of challenges in navigating post-Brexit trade. Drapers identifies the persistent pain points and how they are being managed.
Fashion retailer Joules has warned it is considering increasing prices for consumers as it revealed that Brexit had disrupted exports and could cost it an extra £1m per year.
Lifestyle brand Joules has made moves to terminate some of its wholesale agreements with EU stockists as Brexit costs made the channels unprofitable.
Government’s new trade red tape likely to hit long-term productivity, trade economists warn.
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◈ news ×5
related tags
◈ disruption ×5
◈ trade ×4
◈ exports ×4
◈ fashion ×4
◈ business ×2
◈ imports ×2
◈ customs ×2
◈ tariffs ×2
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