Karen Millen has doubled the time in which it will pay its suppliers from 30 days to 60 days, Drapers has learned.
The retailer will move to 60-day payment terms from 1 April.
A Karen Millen spokeswoman said: “We have recently undergone a review of our payment terms. After careful consideration, we have made the decision to extend terms to 60 days from 30 days, which brings us more in line with the rest of the market. We have communicated fully with all our suppliers, giving them significant notice of the change.”