Primark has committed to pay suppliers for £370m of orders, even though all its stores are closed due to the coronavirus pandemic. Primark’s 376 stores in 12 nations have been shut since March 22, representing a loss of £650m a month.
UK High Street brand said recently that succeeding talks with suppliers it would pay for an additional £370m of orders that were either in production or finished.
This new pledge brings Primark’s total stock both owned and committed to nearly £2 billion. While Primark also said it is hoping to re-commence placing future orders for autumn/winter stock when the coast is clear.
The brand also made a fund to make sure workers are paid as soon as possible for work on Primark products that were in production.