‘We are seeing increase in business with Europe,’ says md Phil King.
The Brexit process has been triggered and negotiations for the UK to leave the EU are underway. But what, if any, difference has it made to the licensing industry?
Is UK manufacturing actually benefiting from the current situation and is there such a thing as a ‘Brexit bounce’?
All this week, The Source will be asking a selection of industry executives – from licensees and brand owners, through to agents and support companies – for their views.
Today: Phil King, md, Trademark Products
“Brexit has been looming for our business for over a year, with various politicians and think tanks giving widely different views on the effect they expect to the economy.
“For us, at this stage, very little has changed; yes we are starting to make plans, but with little detail on how we deal with borders and trade it is difficult to put any solid plans in place.
“We accept that licence agreements will have to be broader in the territories covered and we are working towards that goal. However, without knowing if we face tariffs and the effect they could make to business it is hard to access the true impact Brexit could have.
“It is a concern, this uncertainty, but with the pound being so weak, we are seeing increase in business with Europe, not so much bounce, just practicality of cost price.”
This feature originally appeared in the autumn 2017 edition of Licensing Source Book. Click here to read the full publication.
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