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Amid such upheaval, though, there is little agreement on what kind of Brexit May should try for - even assuming she can hold onto her job. "The United Kingdom's political tectonic plates are moving at the very moment when we are negotiating Brexit," said Anand Menon, professor of politics at King's College London. Before the election, May proposed a clean break from the EU: leaving its single market, which enshrines free movement of people, goods, services and capital, and proposing limits on immigration and a bespoke customs deal with the EU. Opponents describe that as a "hard Brexit". They argue instead for a "soft" version, prioritizing some form of continued access to the single market in order to minimize economic damage. While European leaders try to gauge what to expect from Britain, May is so weakened that her own finance minister and the partners on whom she will rely for her majority, Northern Ireland's Democratic Unionist Party, are giving her public guidance. "My clear view, and I believe the view of the majority of people in Britain, is that we should prioritize protecting jobs, protecting economic growth, protecting prosperity as we enter those negotiations," finance minister Philip Hammond said. While Britain's economy has shown unexpected resilience since the Brexit vote, there are signs of weakness. Business leaders say the uncertainty means they are having to plan on the assumption that Britain leaves without a proper deal. "Everything is all over the place," said a senior executive responsible for Brexit preparations at a FTSE 100 company.

“They clearly from a design sense have upgraded without raising prices to any significant extent. There’s been a bit of a buzz,” said Evans, of Evans & Company Consultants Inc. Reitmans has an advantage over some of its fast-fashion competitors, says Maureen Atkinson, senior partner, research insights, J.C. Williams Group Global Retail Advisors. “Their sizing is really much more a North American sizing than H&M and Zara and Uniqlo. It’s more suited to the North American market,” said Atkinson. Le Château, meanwhile, is struggling with debt coming due in early June. In March the company asked to be voluntarily de-listed from the TSX, because it no longer meets listing requirements, according to Le Château spokesperson Pierre Boucher. Read more: Retail stores face biggest funk since Great Recession The company has applied for a listing on the TSX Venture Exchange.

For the original version including any supplementary images or video, visit https://www.thestar.com/business/2017/05/26/reitmans-and-le-chteau-how-two-fashion-retailing-icons-are-fighting-to-stay-in-the-game.html

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