We have been personally dealing with clients in the Fashion and Textile industry for over ten years, meaning that we have many connections, and a deep understanding. We appreciate that companies have to manage manufacturing considerations, seasonal influences, competitive pressures which are often compounded by moves in foreign exchange rates. We understand that there are often price pressures faced by manufacturers, wholesalers, importers, and exporters. We provide essential foreign exchange market expertise and experience to ensure we develop pricing strategies that enable you to get on with your underlying business.
We show an avid interest in the industry, and our Managing Director, Greg Smith, has been published in a number of industry magazines, including Drapers and Just Style.
Putting a hedging program in place
One of our clients faced significant complexity in their business, with manufacturing facilities in the UK, and Hong Kong. As a result of their ownership structures and competitive pressures, the sensible course of action was to manage a single hedging programme via the parent company in Hong Kong, which we put in place with a reduction in costs, and making it easier to manage at the same time.