Dear customer,

We have been notified by several of our brands about imminent price increases that are having to be applied to offset a number of contributory factors that are happening globally at present.

From all the brands that have advised of these changes, these are the main reasons for these increases:

• Further increases in the cost of raw materials. The price of cotton has risen by almost 90% since its low of April 2020 and is now on its highest price since 2018. Polyester is rapidly increasing due to oil prices and demand.

• The rise of freight and container costs. Surging demand for goods and a shortage of empty containers at Asian ports have sent container-shipping costs rocketing. Since November, the cost of shipping a 40-foot container from Asia to Europe has risen more than three-fold, from around $2,200 to over $7,900. That can add 5% to the cost of goods alone

• Additional costs due to Brexit administration and duties.

We are working closely with all parts of our supply chain to mitigate as much of the increasing cost pressures as we can. Therefore, we have delayed any implementation of these brands changes until Tuesday 6th April 2021.

If you have any further questions about these price changes, please do not hesitate to get in touch.

Kind regards,

Ralawise