The Düsseldorf retailer Peek & Cloppenburg announced on Tuesday that it would be working with the service company Euro Delkredere GmbH & Co. KG in the future.
According to a statement from the trading group, the new partner will “immediately take over the regulation with complete bad debt protection for P&C Retail Buying GmbH & Co. KG as the purchasing company for Peek & Cloppenburg, Düsseldorf in Germany, Belgium, the Netherlands, Switzerland and for Anson’s”.
The “strategic collaboration” “effectively secures Peek & Cloppenburg’s supply chain in a very demanding environment” and creates “immediate planning security” for the retailer’s partners, the company explained. The insurance is guaranteed by Zurich Insurance Europe AG.
Marc Busscher, Chief Financial Officer (CFO) of Peek & Cloppenburg Düsseldorf, welcomed the agreement. “We are very pleased that with this agreement we can ensure long-term relief and reliability for our brand partners,” he explained in a statement. “With the change, we are offering our partners top-rated security that is almost unique in the current market and therefore better conditions for refinancing. This enables us and our suppliers to focus fully on growth in the goods business.”