UK fashion firms benefit from trade rule revamp with key supplier nations
UK fashion firms including M&S and Primark have applauded a government scheme that eases tariffs on some key garment supplier nations, making it simpler to trade with the UK.
17 July 2025
17 July 2025
UK fashion firms including M&S and Primark have applauded a government scheme that eases tariffs on some key garment supplier nations, making it simpler to trade with the UK.
The success of the post-growth model is entirely reliant on transparency, clear and honest communication with customers and supplier collaboration, argued a group of experts at this year’s Source Fashion trade show at London’s Olympia.
Frasers Group anticipates a minimum of £50m ($67.01m) in additional costs for FY26 due to broader economic factors, however an industry expert describes its FY25 as displaying resilience despite a "premium shopper exodus".
Spanish fashion brand Mango has reported a 12% jump in H1 turnover to €1.7bn ($1.97bn), which the company has attributed to the robustness of its model and strategy.
The National Council of Textile Organizations (NCTO) acknowledged the House Armed Services Committee's (HASC) passage of the Fiscal Year 2026 National Defense Authorization Act (NDAA). which includes provisions that would push for US-made military footwear and textiles.
Footwear and apparel thread and components maker Coats has acquired premium insole maker OrthoLite to accelerate its growth strategy and become a super tier 2 supplier in footwear materials.
Cotton sustainability initiative Better Cotton is strengthening its sustainability efforts in Uzbekistan by incorporating enhanced due diligence and decent work practices.
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