abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

20 Mar 2020

Author:
Grace Whelen, Drapers

Monsoon Accessorize & Debenhams extend payment terms for suppliers in response to COVID-19

"Retailers extend supplier terms over coronavirus", 20 March 2020

Monsoon Accessorize has extended its supplier payment terms from 90 days to 120 days for goods received into its warehouse “with immediate effect on all due invoices”... 

Monsoon Accessorize declined to comment.

Debenhams has extended its supplier payment terms by 30 days to mitigate the ongoing impact of coronavirus on cash flow.

The department store has told suppliers of the immediate changes in an email from chief executive Stefaan Vansteenkiste, seen by Drapers. It will apply to all suppliers except those which were already on extended terms...

Debenhams declined to comment...

Story Timeline