Cross-Atlantic Insight in brief–12 January


  • London-based leather-goods specialist Smythson of
    Bond
    Street was acquired by Greenwill
    SA
    , the holding company of Italian leather-goods
    manufacturer Tivoli Group. Greenwill paid
    £18 million ($28.9 million) for Smythson, which has stores
    in the UK and the US and sells globally via its website.
    Smythson’s management team, including creative director Samantha
    Cameron, wife of Tory leader David Cameron, is expected to remain
    with the company.

  • UK consumers buying goods online or via mail order from
    countries outside of the EU can now spend up to £135 ($217)
    per order before being charged customs duty. HM Revenue and
    Customs raised the threshold from a value of £120
    ($193).

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