Boohoo is in a stand-off with suppliers after the struggling fast-fashion seller withheld payments over claims the quality of clothing was too poor.
Seconds always exist etc.
So do companies trying to manage cashflow exist.
The Manchester-based company also faces crucial debt negotiations in coming months as it attempts to convince lenders to refinance more than £300m of existing loans. Both Boohoo and its creditors have hired specialist debt advisers to oversee the discussions, a move that analysts at Shore Capital described as “concerning”.
300 million quid ?
We were talking just the other day about debts that were designed never to be paid back.
When interest rates were near zero, then this sort of debt didn’t really matter and it was treated like an overdraft facility.
Won’t someine think of all those Bangladeshi sweat shop workers ?
Is Investec involved in this one also?