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THE WHAT? The Physique Store’s honest commerce suppliers, working with communities from the Amazon to Africa, are left with over US$1 million in doubtlessly unpaid and unordered magnificence substances as a result of firm’s UK arm getting into administration.
THE DETAILS These suppliers, a part of 18 world group honest commerce partnerships, some over 20 years outdated, face vital monetary losses, impactful for households in low-income, distant areas. The Physique Store continues to commerce below administration, however provider money owed are unsure and could also be prioritized.
THE WHY? The latest acquisition by Aurelius and the insolvency of The Physique Store’s German division add to the uncertainty, affecting your entire provide chain, together with intermediaries and producers, with considerations in regards to the future funds for orders, comparable to a €300,000 order from Brazilian cooperative CoppalJ.
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