Marks & Spencer has committed to paying suppliers for the “vast majority” of clothing orders.
The retailer asked suppliers to temporarily halt production on 24 March, following the lockdown that closed all non-essential shops in the UK. However, it has paid for all products that have already shipped and has committed to paying for the “vast majority” of orders yet to be shipped.
The retailer has also promised to pay for fabric purchased by suppliers, to ensure none goes to waste.
An M&S spokeswoman said: “We’re very proud to have strong long-term relationships with our clothing suppliers and we’re doing all we can for our partners in this unprecedented time.
“We have paid for all shipped products and for the vast majority of orders we will pre-pay for all garments and committed fabric – which is the most expensive cost for a supplier and across all our partners we will aim to ensure that no fabric goes to waste and is used at a later date. Most of our orders will be paid through the vendor finance facility we have available.”