By Candice Krieger, May 16, 2008
Nervous about the state of British business? Head to India, advises retail boss Oliver Kaye. Having completed stints at Marks & Spencer, Tesco and Arcadia, Mr Kaye, 32, recently moved from North London to India to head up Calvin Klein because — as far as he is concerned — the British retail market is at a standstill.
“Retail in the UK is boring and bland. It’s at complete saturation,” says Mr Kaye. “If you look at what’s going on in the high street, it looks like it’s going to hit a recession.”