Cargologicair sells off remaining stock and redundant staff can be paid
The remaining stock of Cargologicair, still under administration, is soon to be sold. The formerly ...
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A forwarder for the UK’s now-defunct Debenhams chain said it was working closely with Bangladeshi suppliers to resolve a non-payment issue.
“Some of the factories are in regular communication with us for assistance,” Mahbub Sarker, head of finance & accounts at Dhaka-based Expo Freight, told The Loadstar.
“We are jointly working to mitigate the issue and assisting the vendors/factories,” he said referring to the latest reports of non-payment of $10.21m owed to Bangladeshi suppliers.
On 5 October, the Debenhams Vendors Community (DVC) claimed ...
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