Efforts to revive struggling fashion chain New Look are in turmoil after suppliers had vital insurance cover blocked



Turnaround efforts at struggling fashion chain New Look have been thrown into turmoil after suppliers had vital insurance cover blocked.
Major credit insurers are said to be refusing to cover new shipments to the High Street retailer, sparking fresh concerns about its finances.
The cover is seen as standard in the industry and provides suppliers with protection in case the retailer cannot pay its bills.
Euler Hermes is one of the firms that has stopped offering cover on new shipments to New Look and QBE has reduced cover provided.
Their decision was linked with fears about a sales slump at... read more

 
7 January 2018 in Business, Views: 77
Source: Daily Mail
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