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COMING UP:Share Opener Variant 4



>> Whether it's Halloween or a themed party, the famed British costume suppliers Smiffys have been playing dress up for decades. But as the UK's highest court determines how the government triggers Article 50, the process of leaving the European Union following the referendum in June, the company says they can't afford to wait.
And to relocating their headquarters to Holland, as well as opening a distribution center next week in Germany.>> I'm Reuters Emily Wither in central England. Workers here are packing up Elf outfits and Santa costumes in time for the holidays. But Brexit has created an atmosphere of uncertainty. Whether the operation will look like this here next Christmas, the company can't say.
>> A family run business, Robert Henry Smith, opened shop in 1894 as a wig makers. In the 70's, the company expanded into fancy dress and costume. 40% of its products are now sold within the EU.>> We're not prepared to wait on a wing and a prayer for the government to negotiate something.
>> Director of the company Elliot Pickett says they've chosen the Netherlands for the switch because it's a friendly place to do business. But crucially, it's within the European single market.>> If there are no deals agreed prior to pulling out, which it sounds it's impossible to achieve anyway And we will be faced with exporting 30, 40% of our sales to Europe, which will carry a tariff.
That will make us uncompetitive.>> Smiffys is also worried about what happens to their dozens of European staff based in the UK, complaining about the lack of government information post Brexit. The fall in the value of sterling has also pushed up the costs of goods. And in the new year, customers will pay more.
By moving to Holland though, they hope to retain their loyal fan base by showing they're a truly European company.