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Retail
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 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
