Asos suppliers get a boost as credit insurers reinstate cover

Credit insurers Atradius and Coface have restored their cover for Asos’ clothes suppliers, indicating revived confidence in its financial stability.
The insurance companies restored their cover in January, after withdrawing it in 2023 amid worries over the fashion giant’s falling profits, The Times reported. Additionally, credit insurer Cartan Trade has just opened up cover for the first time.
Allianz Trade is thought to be the only firm left to reinstate its cover, after comple