Monthly Archives: November 2008

November 28, 2008

With the rise of company failures will pre-packs become the norm?

A pre-pack is a sale of a company’s business and assets (often to existing management) that is negotiated prior to the formal appointment of an administrator with the intention that completion of the sale take place immediately following such appointment. Recent examples of pre-packs include Faith Shoes. Creditors often feel hard done by in pre-packs [...]
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November 28, 2008

"The bag doesn’t know it’s a bag …"

Canada’s Eye Weekly carries a punchy piece, “The Louis Vuitton Con”, by Rea McNamara, which discusses the ideas of Marcus Boon, an academic whose forthcoming book In Praise of Copying seems guaranteed to raise a storm. McNamara writes: “Western society inherited from Plato the most popular concept of copying, that “everything is a copy” (also [...]
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November 27, 2008

VAT down to 15%, but do retailers have to pass it on?

In the wake of the Government’s pre-budget report announcing a reduction in the rate of VAT from 17.5 % down to 15%, Fashionista sets out below a practical guide for retailers about the impact of the VAT reduction, which will apply from 1 December 2008: 1) Is there any obligation to pass on the reduction [...]
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November 25, 2008

‘Primark effect’ raises parliamentary hackles

Today’s Telegraph reports that British MPs are blaming throwaway fashion from shops such as Primark for an increase in the amount of clothes being dumped in landfill sites. The so-called ‘Primark effect’ arises when cheap garments, often made from manmade materials that cannot be recycled easily, are worn just a few times and then binned, [...]
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