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John Lewis Reveals How Quickly it Pays Vendors

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

The John Lewis Partnership pulled back the curtain on how quickly it pays suppliers. Thirty-seven percent of vendors supplying its retail group John Lewis Plc are compensated within 30 days, the British commerce enterprise reported Monday, while 53 percent are paid between 31 and 60 days. What’s more, 10 percent wait more than 61 days…

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