Philip Day has been accused by Bangladeshi clothing manufacturers of taking “undue advantage” of coronavirus to cease payments on millions of pounds worth of stock.
Around 30 suppliers to Day’s clothing empire, which includes brands such as Peacocks, Austin Reed and Jaeger, have written to Edinburgh Woollen Mill threatening to halt production and deliveries over £27m in unpaid bills.
The letter was sent from the Bangladesh Garments Manufacturers and Exporters Association trade body and claimed that Day and his fashion group had taken “undue advantage of the Covid-19 situation”, according to The Guardian.
Day’s retail group is accused of demanding “hefty discounts” from struggling suppliers, cancelling orders and withholding payment for goods already shipped or made.
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