London Fashion Week opens on Friday with shows by Burberry, J.W. Anderson and Topshop UNIQUE, with the industry putting on a brave face amid concerns over the impact of Brexit. any designers wanted to stay in the European Union, and there are fears about the impact of leaving on exports, costs and London’s ability to attract design talent.
The EU accounted for 70 percent of British textiles and apparel exports in 2014, worth o5.8 billion, according to the UK Fashion and Textile Association.
“London is a fashion, business, creative and cultural capital. It is a great place to live and work and is open for business,” said Caroline Rush, the chief executive of the British Fashion Council.
“We are seeing strong retail sales and consumer spending at home, our brands continue to perform well in export markets and London is still home to the best talent in the global fashion industry,” she said.
Retail sales suffered only a slight dip in August after a strong July, while analysts said the weaker pound since the referendum had boosted sales of luxury items by foreign tourists by making them cheaper.