The outbreak and continued transmission of Covid-19 in 2020 has caused ongoing consequences around the world. The world is a different place to the one we all knew.
At Fred Perry we have reviewed and revised our business practices to support the physical and financial wellbeing of our own employees, along with those of our partners and supply chain.
Covid-19 has significantly impacted regions of the world at different times throughout the year. Flexibility has been key to addressing new and increased risks that have risen out of this pandemic and consequently some of our previous priorities have been realigned. We continue to risk assess and engage in open, honest dialogue and effective communication throughout our business and our supply chain.
All Fred Perry head office employees have been maintained on full pay throughout this pandemic, with the exception of two front of house staff who were furloughed during periods of UK lockdown. Due to ever changing situations local to the countries we retail in, we have utilised both furlough and flexible furlough schemes when appropriate while committing to paying our teams their full contracted hours where legally possible.
- All invoices for Goods for Sale were paid as soon as the pandemic hit to help factories effectively manage their cashflow.
- Production that was underway was honoured and paid for as quickly as possible.
- Only 2.5% of 2020 PO units were cancelled in the 2nd half of year due to Covid-19.
- Fred Perry took full responsibility for the material and trims for cancelled or reduced orders.
Read our Modern Slavery Report to see how we rapidly revised our business practices to help safeguard our factories with the following actions.