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Brexit fears stalk London's catwalks

Thursday, September 22, 2016 - 01:23

Questions are being asked by British designers about how Brexit will impact the global industry. Laura Frykberg reports.

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As Fashion Week's go, this year was like any other. Top designers show-casing their wears, to a host of celebrities and industry players. But one question did loom over London's event. Will Brexit affect business in the future? (SOUNDBITE) (English) CEO AND CHIEF CREATIVE, BURBERRY, CHRISTOPHER BAILEY, SAYING: "We have got a very global business. We are headquartered here in the UK, there are lots of questions but I am excited for us to resolve everything and make sure that we have the strongest economy in Europe." More than ninety percent of British designers wanted to stay in the EU prior to the vote . Many of them have stores in Europe - tied to the single market. But with negotiations on an exit deal yet to even begin. There's some scepticism it'll even take place. (SOUNDBITE) (English) DESIGNERS PERCY PARKER PPQ, SAYING: "I don't think it's such a big deal and I am not even sure It is actually going to happen." (SOUNDBITE) (English) BUSINESS OF FASHION EDITOR, TIM BLANKS, SAYING: "I don't think we really felt the impact yet. Donatella Versace used a lot of Central St. Martins students in her collection, to work in the Versus collection. You just wonder if Brexit happens, and I do think it is quite a big if, I really do, whether that will actually change anything." Fashion Week makes the UK economy some 28 billion pounds. That's a figure this industry - for once - won't want reduced.

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Brexit fears stalk London's catwalks

Thursday, September 22, 2016 - 01:23