We ask md Phil King what a leave vote could mean for his business.
On June 23, the UK will go to the polls to decide if we stay or leave the European Union. If the much talked about ‘Brexit’ happens, there is no doubt the ramifications on businesses would be huge, with both positive and negative elements.
The Source asks some licensees for their thoughts on how a leave vote could impact their companies, as well as the UK licensing industry as a whole.
Today: Trademark Products
Phil King, managing director, Trademark Products
What could a leave vote mean for your business and the UK licensing industry in general?
“The idea of losing or putting up a potential trade barrier to a market the size of Europe I believe can only be detrimental to my business.
“While an exit from the EU could in principle offer some protection from European licensees entering the UK market, something that has had an impact with our sales in certain retailers.
“I accept that if an exit is voted for, trade agreements can be struck, but it would be a concern that we would have additional costs involved meaning less opportunities.”
This feature originally appeared in the Summer 2016 edition of Licensing Source Book. Click here to read the full publication.
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