(Bloomberg) --
Primark, the budget fashion chain owned by Associated British Foods Plc, has canceled all supplier orders that have yet to reach its distribution centers, Britain's Sunday Times newspaper reported.
The company, which has no online sales, is using a force majeure clause in its contracts to cancel the orders, the Times said. Primark operates 376 stores in 12 countries.
“We are deeply saddened that this will clearly have an effect throughout our entire supply chain,” Primark Chief Executive Officer Paul Marchant told the newspaper.
Other reports of companies in the British consumer sector affected by the crisis:
- Debenhams Plc has told its landlords it will be forced to close more stores through a new creditor agreement if they do not agree to rent cuts, the Times reported
- Arcadia Group has temporarily shut stores and frozen payments to suppliers: Times
- John Lewis Partnership, New Look and Pret A Manger have also closed outlets
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