Is fashion underestimating its exposure to the Middle East conflict?
The ongoing conflict in the Middle East is creating turbulence across the fashion industry, with Next warning the troubles would cost the business three times more than what it had previously estimated.
The retail bellwether is now forecasting that the war will cost the company £47m, compared to its previous forecast of £15m, due to high fuel costs, disruption to factories and global transport networks.
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