Boohoo is in a stand-off with suppliers after the struggling fast-fashion seller withheld payments over claims the quality of clothing was too poor.
Seconds always exist etc.
So do companies trying to manage cashflow exist.
The Manchester-based company also faces crucial debt negotiations in coming months as it attempts to convince lenders to refinance more than £300m of existing loans. Both Boohoo and its creditors have hired specialist debt advisers to oversee the discussions, a move that analysts at Shore Capital described as “concerning”.
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