According to Reuters, Philip Green, the chief of the Arcadia Group, has joined the conversation on UK manufacturing. M&I thinks it is promising that someone of his stature should be considering shifting some production back to Britain.
"When the market is as it is you want to manage as near home as you can. That's why there's some debate about UK manufacturing and people actually opening some new factories," Green told the Retail Week conference.
"Is suddenly all our production coming back here? No. Is there an opportunity to do some production here? Hopefully there is and we're going to try," Green added.
Image from Cooper Stollbrand, Manchester (one of the factories that has recently produced items for Topshop, part of the Arcadia Group)