“We have put in place a package of measures” says the company’s md.
Ever since June 23 2016 when the UK voted to leave the EU, the implications and the potential path to a post-Brexit landscape have been much debated.
One of the immediate impacts was the sudden shift in the exchange rate of the pound against the euro and the dollar.
All this week, The Source will be asking some industry faces what this means for their business and the wider licensing community.
Today, Anthony Temple, md, Rainbow Designs.
How has the change in exchange rate for the pound against the euro and the dollar since Brexit affected your business?
“There is no doubt that the change in the dollar exchange rate has massively affected not only our business, but every business that buys from the Far East.
“We have put in place a package of measures to endeavour to mitigate the extent of the increases and ultimately minimise the impact on our retailers and consumers as much as we can.”
This feature originally appeared in the spring 2017 edition of Licensing Source Book. Click here to read the full publication.
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