Corporate News
Primark commits to pay for outstanding finished goods and suppliers’ fabric liabilities
Primark is announcing today a further substantial commitment to suppliers, pledging to pay our garment suppliers in full for all outstanding finished garments and to utilise or pay for any finished fabric liabilities.
Primark Endorses ILO Covid-19 Global Garment Industry Action Announced Today
Primark firmly endorses today’s announcement from the UN’s International Labour Organisation calling for urgent collaboration between stakeholders to support garment industry workers across the world affected by the Covid-19 pandemic.
Primark extends its commitment to support its suppliers, agreeing to take some £370m of additional products both finished and in production
Primark announces today that it is now able to commit to pay for some £370m of additional orders for product over and above the £1.5bn of stock in stores, depots and in transit. This means it will now take all product that was both in production and finished, and planned for handover by 17 April.
Primark donates care packs for NHS staff at new Nightingale Hospital
Primark is donating care packs filled with 74,000 products including underwear, leggings, t-shirts, footwear, and towels for NHS frontline staff working at the UK’s new NHS Nightingale Hospital in London, boxed and delivered by Primark volunteers.
Primark pledges wages for factory workers
Following the global covid-19 health crisis Primark announces today that it has established a fund to cover the wages component of orders that have been cancelled. Since March 22, Primark’s entire store estate has been closed, with the loss of sales worth £650m every month.
A statement from Paul Marchant, Primark CEO, on the company’s decision to place no new orders with suppliers
The current situation has been so fast moving. We could not have foreseen that over the course of 12 days, our stores in every country in which we operate have had to close. We have therefore been left with no option but to take this action. We have large quantities of existing stock in our stores, our depots and in transit, that is paid for and if we do not take this action now we will be taking delivery of stock that we simply cannot sell. This is unprecedented action for unprecedented and frankly unimaginable times.
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