Polish fashion retailers may not survive the coronavirus crisis if the government, banks and shopping mall owners do not help them bear the costs, a lobby group said on Friday, as Poland closed non-essential shops to stop the spread of the virus.
A new lobby group set up by the retail industry said it has asked the state to help pay out salaries, shopping mall owners to stop taking rents and banks to suspend loan payments. The group says it represents 100 companies and that 200,000 jobs directly depend on their survival."This is not even a crisis, it is difficult to name it. It is unlike anything that has happened before....This is a war and we want to survive.
Tomasz Ciapala, the CEO and majority owner of Lancerto, a men's suit maker, said that many workers in the industry are paralyzed with fear about their jobs. "We have done the cooking for the next half a year, we have payments ahead and we have nowhere to get the cash flow from," Kaplon told the same conference.
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