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Coronavirus: Oasis & Warehouse supplier payments delayed

// Oasis and Warehouse tells suppliers that payments will be delayed as a result of coronavirus
// The group is continuing to operate online and has not cancelled orders

Oasis and Warehouse have reportedly informed suppliers that payments will be delayed as a result of protecting the business amid the coronavirus outbreak.

The fashion retail group has said it is still operating online and has not cancelled orders.

However, it has not issued any statements as to when its suppliers will be paid for overdue invoices and goods that have already been delivered, Drapers reported.

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Meanwhile, the group is also in talks with landlords about deferring rent and VAT payments.

The business has maintained that its priority is the health, safety and wellbeing of its customers and colleagues.

Retailers including Primark, Edinburgh Woollen Mill Group (EWM) and New Look have all joined the list of retailers writing to suppliers to cancel orders as a result of the pandemic.

Moreover, Oasis and Warehouse’s parent company Kaupthing drafted in advisers from Deloitte last week to hold conversations with potential buyers as it began exploring a sale of the business.

The decision was prompted by the coronavirus crisis as the government ordered non-essential retailers to shut their doors for at least three weeks as part of the lockdown.

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The post Coronavirus: Oasis & Warehouse supplier payments delayed appeared first on Retail Gazette.



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