Tag : credit insurance
House of Fraser (HoF) suppliers are holding firm after it emerged that a credit insurer has decided to stop providing cover to some of them.
HSBC has withdrawn credit protection cover for some suppliers of embattled fashion retailer New Look, Drapers understands.
Credit insurance crunch time for high streetSubscription
Suppliers are struggling to find routes to market for big-volume orders, as credit insurance is withdrawn from troubled high street retailers.
Is fashion facing a credit crisis? Subscription
As trade credit insurance providers reduce levels of or withdraw cover from some of the high streets’ biggest names, including Debenhams and Arcadia Group, Drapers investigates whether the current risk-averse environment is killing fashion retailers’ ability to do business.
Footasylum credit insurance cutSubscription
At least two credit insurers have withdrawn cover from Footasylum and another has placed it in “special measures” following the footwear retailer’s recent profit warning and concerns about its ongoing weak trading performance, Drapers has learned.
Monsoon Accessorize hit by credit insurance cutSubscription
Suppliers to Monsoon Accessorize have reportedly had their credit insurance cut as the retailer struggles.
Arcadia’s credit insurance 'to be cut' again Subscription
Credit insurers are reportedly planning to cut cover for Arcadia Group for the second time, amid continued tough trading conditions on the high street.