brexit Archive

The perils of polling in a Brexit and Donald Trump world

Over the last decade we’ve witnessed big data tackle issues such as crime, health care, climate change, and even how to select a movie. So, with the availability of ever-growing collections of political data, more sophisticated statistical analysis techniques, and the ubiquitous presence of social media, it is tempting to think that big data should be able to give us a completely accurate prediction of …

INNOVATE2016: Are we on the verge of Brexit 2.0

Andrew Keen Crunch Network Contributor Andrew Keen is the author of three books: Cult of the Amateur, Digital Vertigo and The Internet Is Not The Answer. He produces Futurecast, and is the host of Keen On. More posts by this contributor: How to join the network Andrew Romans is a general partner of Rubicon Venture Capital and a serial entrepreneur and best-selling author. Like everyone else, both …

L’Oreal to Be ‘Cautious’ on UK Price Hikes After Pound’s Slump

LONDON, United Kingdom — L’Oreal SA, the world’s largest cosmetics maker, will be cautious in raising prices in the UK to make up for the slump in the pound, chief executive officer Jean-Paul Agon said in the wake of a pricing dispute between Unilever and Tesco Plc. “We will be very cautious to respect both consumers and our relationships with retailers,” Agon said Friday in an …

No Growth but No Panic in the Luxury Sector

LONDON, United Kingdom — Both the Savigny Luxury index (SLI) and the MSCI World Index (MSCI) ended up flat this month, with the SLI posting a small gain whilst the MSCI tipped slightly into negative territory. Valuations are stable despite unappealing growth prospects, underpinned by the defensive nature of a number of luxury goods stocks benefitting from strong balance sheets, the absence of pension issues …

As Brexit Looms, Prime Minister Theresa May Looks to the Future of British Fashion

LONDON, United Kingdom — Just as the Marc Jacobs show was closing New York Fashion Week across the Atlantic, scores of London-based designers, editors, buyers, executives and educators — from Christopher Bailey and Dame Vivienne Westwood to Vogue’s Alexandra Shulman and Browns founder Joan Burstein — assembled yesterday evening at 10 Downing Street, home of the new British prime minister Theresa May, as the unofficial kick …

Brexit one month on: currency lows and talent fear

In late June a referendum vote in the UK delivered the shock verdict that a small majority of the British public wanted the country to leave the European Union. Next came the resignation of the Prime Minister and a precipitous drop in the value of the pound, which remains languishing far below its former heights. Various economic indicators now suggest the country is heading back towards recession. So how are …

The UK Now the Cheapest Place to Buy Luxury Goods

According to new research by Luca Solca, the head of luxury goods at Exane BNP Paribas, the UK has become the cheapest luxury goods market in the world. The shift is due to the country’s decision to leave the EU, which subsequently devalued the pound 10-percent against the euro. When speaking with Business of Fashion, Solca revealed, “The Brexit vote has made the UK the …