New Look delays payments to suppliers “indefinitely”

// New Look informs suppliers it will cancel all orders and delay payments “indefinitely”
// Cancellations pertain to orders in production, in origin or at port but not yet loaded on to a vessel
// Payment delays pertain to orders accepted & are in transit, in New Look’s distribution centre, or in storesNew Look has reportedly informed suppliers that it will cancel all orders and delay payment terms “indefinitely” in a bid to ease the financial impact of the cor