"running behind on payments"
"sucked out"
"very constrained"
"A junior colleague, in one of our smaller brands, emailed a small number of suppliers to work on capacity planning."
Boohoo warned some suppliers that payments could be delayed and asked how much stock they could deliver in September without further payment. Customers have waited up to a month for refunds. The group secured a £175m borrowing facility but faced criticism over a high interest rate that shareholders say drains cash. Annual losses nearly doubled to £348m, sales fell almost 20% to £790m, and net assets collapsed to £3.9m. Supplier relations remain strained after past factory working-condition criticisms and disputes over pricing and withheld payments. Boohoo said a junior colleague contacted a small number of suppliers about capacity planning.
Read at Business Matters
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