High Value and Luxury Assets
Request a callback
Couture clothing is one of the most accessible ways individuals can obtain a luxury item. A Chanel handbag or an Armani suit; these classic items never date and are a wonderful investment for any wardrobe.
If you are a retailer or a private individual wishing to purchase or sell couture clothing, there are a couple of legal restrictions that you need to be aware of. At Saracens Solicitors, we understand these requirements fully and can work to ensure you comply with them.
Whether you are buying or selling couture clothing, the number one requirement you will have is that the item is authentic. With many items retailing tens of thousands of pounds, the last thing you want as a retailer or a purchaser is to find out an item you are in possession of is a fake. Designers are also keen to end the trade in counterfeit goods, which is now estimated to consist of 7% of the world’s trade.
There are a number of ways you can exercise due diligence when purchasing couture to ensure its authenticity. These include:
The Silhouette ruling refers to the decision of, Silhouette v Hartlauer (European Court of Justice, C-355/96, 16 July 1998). This ruling goes into detail as to what is permitted / forbidden to be sold as designer goods outside the European Union and provides guidance on invoicing.
Our commercial solicitors can advise you on all aspects of purchasing, distributing and selling couture clothing whether it is from the latest collections or pre-loved. If you are a start-up retailer looking to sell couture or vintage clothing, we can advise you on all aspects of starting your business venture.
To make an appointment contact our London office on 020 3588 3500 or request a callback and
we will be in touch with you at the earliest opportunity.
What is a Shareholders’ Agreement? We often have clients who tell us that they have started a new business and have been advised by friends / colleagues to enter into a shareholders’ agreement. We are frequently asked why a shareholders’ agreement is needed and the matters covered by the agreement. To put it simply, a shareholders’ agreement is a private contract that can be entered into by some or all of the shareholders of a company to regulate the affairs between them. It gives rise to contractual obligations between the parties and the usual contractual remedies are available in the event of breach. The structure and provisions within a shareholders’ […]Read more
Provenance, rarity and originality, these are the holy trinity for anyone purchasing a classic car. Good judgement and research also pays off. This is a market that is booming after leaping 17% in 2015, more than any other luxury asset such as watches, art and stamps. Earlier this year, a Ferrari 250 GTO was on sale in the UK for the asking price of a whopping £52 million. The current picture of the classic car market There was a sense at the beginning of 2016 that the classic car market was slowing down due to a drop in sales and cars selling for less than expected sums in auction halls […]Read more
Handbags and Investment We are all familiar with investing in art, bonds and stock, but it may come as a shock to know that over the past decade the value of the most sought-after luxury handbags has risen by an average of 8 % a year matching the annualised returns of the FTSE. So what should you look for when buying a handbag as an investment piece? Which brands are currently delivering the best returns? Three handbags that will make you money The top three handbags that are likely to provide you a with return on your investment (and have you looking fabulous at the same time) are: Hermes Birkin […]Read more