Luxury fashion brand Wolf & Badger has said that the Brexit vote has prompted it to focus on its US operations and halt expansion in the UK.

Co-founder George Graham said: “With Brexit looming and the UK entering a period of uncertainty, we are extremely pleased to be entering the US market and facilitating continued opportunities for independent labels even if the European market starts to close up.”

The firm has halted plans to open in East London as well as three other regional cities and has opted to open in SoHo New York in February.