London Fashion Week to kick off amid Brexit fears

LONDON ‘ London is starting its stint at the center of the fashion universe as industry leaders express concerns about the potential impact of Brexit.

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Top designers including Burberry, Christopher Kane, Victoria Beckham, Erdem and others will be showing new collections in a series of shows that start on Friday.

Anticipation is high, especially with a new creative director at Burberry and a rare London catwalk show by Beckham, the former Spice Girl who has won plaudits for her designs.

But British Fashion Council chairwoman Stephanie Phair told the BBC Friday there are wide concerns about the impact of Britain leaving the European Union.

She says the uncertainty of Brexit plans is making it difficult for the fashion industry to develop a strategy. Britain is scheduled to leave the EU in March.

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And thus do the fashion week frolics ‘ or follies, depending on your point of view ‘ begin: in the wake of the U.S. Open, in the shadow of the Emmys and amid the turmoil of midterm elections in which more women are running for office than ever before. The status quo is shifting, along with the relevant dress codes.

This will be the undercurrent of the season, even in Europe, as Britain hurtles toward Brexit. Designers can’t ignore it (or they ignore it at their peril). What will they give these potential power women to wear? It’s a complicated question. I, for one, am looking forward to the answer.

FTSE 100 stays in red at close as Brexit deal confidence wanes; trade fears persist

FTSE 100 recouped some losses but still closed down  Tuesday as tobacco companies fell, and US stocks went higher.

The UK index of leading shares closed down nearly six points at  7,273, while FTSE 250 also went lower, shedding around 33 points at 20,266.

In the US, things were more positive, with the Dow Jones Industrial Average up over 147 points and the S&P 500 ahead by 19.

Fiona Cincotta, senior market analyst at City Index, noted on Footsie that “even the weakening pound wasn’t able to keep the index out of the red”.

“The US markets fared better, with the Dow Jones Industrial Average trading up 0.22%, the S&P 500 gaining 0.14% and the Nasdaq up 0.16%. Positive US economic data generated some upward momentum but unresolved trade issues between the US and a number of its trade partners prevented the market from a full on rally.”

  • Publisher: Proactiveinvestors UK
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