×
483
Fashion Jobs
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
ANAND RATHI GLOBAL FINANCE
Hiring For Area Sales Manager Sme- Lap
Permanent · Mumbai
CURLYFE BIOSCIENCES
Senior Area Sales Manager
Permanent · Ghaziabad
Published
Jul 6, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bestseller vows to make early payments as orders resume

Published
Jul 6, 2020

Danish fashion giant Bestseller said on Monday that it’s going to be making faster-than-usual payments to its suppliers until October as the industry tries to get back to some kind of normality.


The owner of Vero Moda and Jack & Jones is to pay suppliers early for the next few months - Facebook: Bestseller



The company, which owns chains such as Vero Moda and Jack & Jones, said it’s “immediately releasing payments on current orders, as well as implementing early payments until October, to ensure suppliers' cash flows. The focus is on bringing our partners through the crisis”.

Like others in the industry, the company has had to take some difficult decisions regarding SS20 orders, but it said it has tried our very best to minimise the impact passed on throughout our global supply chain”.

It added that “our closeness to our supply chain partners is something that we have always been proud of and, as a company, we see this as a critical part of our foundation and an enabler for future development.

“We understand the current situation for many manufacturers in our industry, and are determined to support our suppliers in the most effective way at this critical time. Therefore, Bestseller will immediately pay all current invoices early – regardless of the date of invoice. By releasing payments early, we aim to instantly strengthen our suppliers’ cash flow”.

The details of this plan are that for the coming three months with Cargo Closing (CC) dates in July, August and September, it’s paying within 10 days. “We trust that providing this immediate cashflow will — in the best possible way — enable our partners to do even better business with us, while helping all our suppliers meet their commitments,” the company said.

It will revert to 90-day payment terms as of October 1.

Copyright © 2022 FashionNetwork.com All rights reserved.