As many as 1,000 posh retail outfits will get assistance from the government to foster further international growth over the next two years.
The UK Retail Industry International Action Plan was developed by the UK Trade & Investment (UKTI) and the retail industry. The goal is rather straightforward, taxpayer money will be used to help the retail sector expand into expanding overseas markets.
Business Secretary Vince Cable believes retail has a big role to play in British exports, as the government tries to rebalance the economy.
“With this action plan UKTI will back small and large retailers across the UK to grow and expand into new export markets,” he said in a statement. “The UK’s dominance in e-commerce puts retailers in a world-beating position to capitalise on the fast growing demand for British goods and luxury brands.”
The plan is focused on luxury retailers, who aim to expand into bustling cities such as Beijing, Moscow, Mumbai, Istanbul, Shanghai, St Petersburg and other cities with plenty of nouveau riche in white Bentleys.
According to International Business Times, the global retail sector is set to grow by 8 percent through 2016, which is not the case with most European markets, including Britain.
However, it should be noted that British retailers are doing rather well abroad, even without government handouts.
It was a night of fun, glitz and fashion as Hollywood’s A-listers stepped out to celebrate and show off their frocks at the 2013 Oscars.
And this year the red carpet was awash with pale colours, giving the event a vintage, old school glamour theme.
Jennifer Lawrence, who admitted she was “starving” – a feeling we imagine is quite common for many celebs – went for a white and pale pink strapless Dior gown with a full skirt and ruffled hemline.
Amy Adams opted for an Oscar de la Renta ballgown, which was a stark contrast to the her usual statement column dresses, while Anne Hathaway kept the colour tone light with simple pale pink Prada column gown, which she claimed had been chosen just hours before the event.
Jessica Chastain, also gave a nod to vintage Hollywood with a shiny copper Armani Prive dress and gold was also the colour of choice for Catherine Zeta-Jones who rocked up in a Zuhair Murad number.
However, some celebs opted for bolder hues in a bid to stand out from the fash pack. Jennifer Garner chose a strapless magenta ruffled back Gucci gown, while Reese Witherspoon also broke the pale mould turning up in a bold blue column dress.
Sequins, which we thought had been put away along with that Christmas tree also reared their sparkly heads, with a number of celebrities opting for this style. Adele wore a black, sequinned Jenny Packham frock, Naomi Watts went for a gunmetal sequin Armani gown and Nicole Kidman was a sequin queen in a gown by L’Wren Scott.
Over in the male clothing camp, one thing that stood out amongst the huge range of designer tux was the sheer number of celebs sporting facial hair.
This generation of the Brat Pack including Bradley Cooper, Tommy Lee Jones, George Clooney, and Ben Affleck all went for beards, while it was mustaches for Jason Schwartzman and Chris Pine.