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Retail

H&M to pay suppliers in full for orders fulfilled, but halts new orders

H&M to pay suppliers in full for orders fulfilled, but halts new orders

Swedish giant H&M Group has told suppliers in Bangladesh and other manufacturing countries that they will receive payment for the orders they have already fulfilled or begun and it won't expect discounts. 
Fashion
Industry
Intu talks tough with bigger brands on rents

Intu talks tough with bigger brands on rents

Intu is refusing to let some larger "well-capitalised" tenants avoid paying store rents and service charges during the Covid-19 crisis, saying that it doesn't have the "financial capacity to bankroll" global brands.
Fashion
Retail

Landsec says Covid-19 is hurting it but it has plenty of cash

Property giant Land Securities, which includes Bluewater among its flagship sites, said on Thursday that it has received two-thirds of the rents it's owed and is financially robust.
Fashion
Retail

Next wants to sell and lease back HQ and warehouses to raise cash

The company thinks that it could potentially rise up to £100 million in the sale of the properties as it works to conserve as much cash as possible in the current coronavirus crisis.
Fashion
Retail