Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Figleaves toughens its supplier terms

Lingerie etailer Figleaves has tightened up its supplier terms to help drive the business into profit for the first time.

Lingerie brands told Drapers that the online retailer had sent a letter to suppliers offering three new different payment options, including an extension of payment terms from 30 days to 60 days.

But Figleaves added in the letter that the payment process would begin at the end of each month, meaning that if suppliers deliver early in the month real payment terms could be closer to 90 days. Other options include deeper discounts for a shorter payment period.

One lingerie supplier was angered by the changes which, she said, were retrospective and would affect existing orders. “I can’t believe the bullying tactics employed by Figleaves,” she said.

“We have product being shipped at the moment. We don’t need Figleaves and I can take the product somewhere else, but it’s not fair on the smaller brands.”

Figleaves chief financial officer Debra Wood said: “Figleaves is standardising its business payment terms, offering all suppliers an equal platform to work on.

“Previously, Figleaves had 37 payment options; our terms will now come in line with our competitors.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.