We know that all luxury businesses are facing unprecedented challenges in light of Coronavirus, and in particular we see that the small- and medium-sized businesses are having the most difficulty in accessing the financial support available through the Government packages, particularly the start-ups and younger brands, who don’t meet the qualifying criteria.
It has never been more important for online retailers in the British luxury community to communicate their policies and actions for looking after the safety of their employees who are unable to work from home, so we share some best practice guidelines.
Under the Coronavirus Job Retention Scheme (JRS), all UK employers with a PAYE scheme that was created and started on or before 28 February 2020, will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked to stop working, but who are being kept on the pay roll, otherwise described as ‘furloughed workers’.
Since the initial announcement by the UK government of the package of financial support for business to help alleviate some of the economic pressures of the Coronavirus outbreak, there have been some difficulties around the terms of access to finance and a great deal of anxiety about getting the cash to businesses that need it, particularly in relation to the Coronavirus business interruption loan scheme (CBILS).
We know that all luxury businesses are facing unprecedented challenges in light of Coronavirus and continue to publish guidance on the financial support measures that the government have put in place to help protect companies and their employees through the crisis. However, we are also aware that it is small and start-up business that are having the most difficulty in accessing the financial support available and are particularly vulnerable to interruptions in planned investment into their businesses.
We know that the challenges your businesses are facing have evolved rapidly in the last two weeks, so we have now sent every Walpole member a new survey which aims to assess the continued - and escalating - impact of Coronavirus and the response to the financial support measures announced by the Government over the last week.
The findings of the survey will be crucial in ensuring the sector’s interests and requirements are heard by government and reflected in policy, and we hugely appreciate all of your responses. Please contact [email protected] and [email protected] for further information, or to request the survey if you have not received it.
Since the Coronavirus outbreak, both employers and employees have had to adapt their working styles in ways that were unimaginable just a few weeks ago and the strain this can put on an individual’s mental health should not be underestimated.
Here we explore some of the advice and support available to employees and managers to help navigate some of these stresses in a way that is compassionate and preserves mental wellbeing so much as possible during this challenging time.
In this regular feature we share official guidance surrounding the financial support available for British luxury businesses from the government and also wider advice on topics and issues relevant to the COVID-19 outbreak. Today, we hear from Walpole’s public relations agency and strategic partner, ANM Comms, with their guide to communications in the time of Coronavirus.
Following the announcement of the Conoravirus Job Retention Scheme (JRS) and the package of financial support for businesses 10 days ago, the Government has now published guidance on the eligibility, how to access the JRS scheme and further details. Walpole has been working closely and feeding directly into the CBI to share your priorities and questions with the Treasury which has helped to inform the shape of the scheme and how it will work.
In this new feature, we aim to share official guidance surrounding the financial support available for British luxury businesses from the government and also and wider guidance on topics and issues relevant to the Coronavirus outbreak. Today an update on the new measures announced for the self-employed.
In this new feature, we aim to share official guidance surrounding the financial support available for British luxury businesses from the government and also and wider guidance on topics and issues relevant to the Coronavirus outbreak. Today, we provide resources around cyber security, homeworking and data protection.
Following the announcement of a package of financial support from the Chancellor to help business tackle the unprecedented challenges in light of the Coronavirus outbreak, Walpole is creating a library of resources to help members navigate what help is available and how to access it.
In this new feature, we aim to share official Coronavirus guidance surrounding the financial support available for British luxury businesses from the government. We encourage members to check back regularly as this story will be updated as advice is published.
With the nation’s stores shutting up shop, Walpole is opening the doors to Britain’s luxury brands’ virtual offerings. Simply click the links below to browse this directory of where to spend your time online in these unprecedented times, and look out for some special offers while you’re here.
With the sobering news from many luxury retail brands that they are shutting their physical shops in the coming days, now is the time for Walpole – and the wider luxury retail sector – to support brands’ digital offer, and work collaboratively to establish a ‘virtual Bond Street’.
Over a week ago, Walpole asked member CEOs to complete a survey to share the initial impact of Covid-19 on your businesses: the insights we had from your answers helped us feed the picture for British luxury into Government and other stakeholders. Since then, the situation has developed rapidly: it’s clear that things are going to be increasingly tough over the coming months and we are aware every Walpole member will experience significant and unavoidable disruption. With this in mind, we thought it helpful to provide an update on what Walpole is doing and how we are here to support you.
If you are a non Walpole luxury brand and would like to enquire about membership, please contact [email protected].
If you a non Walpole business (not a luxury brand) and would like to enquire about partnership opportunities, please contact [email protected]./