Luxury British heritage brand Crombie has informed its valued customers that it intends to absorb the increase in VAT.
Customers have been informed that despite the increase in VAT from 17.5% to 20%, all current stock available in stores and on the company’s website will continue to be sold at its pre-January price (or in some cases rather less now that Crombie’s end-of-season sale is underway).
Crombie’s luxury coats normally retail for between £595 and £2,000, so this absorption of VAT might represent a typical saving for a Crombie customer of between £12.66 and £42.55.
“Crombie prices already compare favourably to rival luxury fashion brands, and we believe that absorbing the VAT increase underlines our historic commitment to our customers of fair pricing for super-premium quality,” said Michael Rankine, Crombie’s Head of Retail
About Crombie
Crombie was established in Scotland in 1805 as a luxury cloth producer, and began producing its own coats from 1880. Crombie began opening its own stores in the 1990s, and now has three standalone stores: in London, Manchester and Edinburgh, plus its online “fourth store” http://www.crombie.co.uk/. Crombie products are also stocked in Harrods and Selfridges. In addition to its iconic high-quality coats for men and women, Crombie offers a full range of men’s luxury apparel and accessories
This is the first company that I've heard of that is basically sucking up the VAT increase and putting customers first.
Crombie I Salute you!! thumbs up from the Clotheshorse!!
Check out Crombie in-store or online at http://www.crombie.co.uk/ where the sale is now on!
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