Coronavirus: DFS chiefs to take pay cut and New Look pauses production to address impact

DFS bosses will take a pay cut to help finances during the coronavirus outbreak

Furniture retailer DFS and fashion group new Look have revealed a range of initiatives designed to address the impact of store closures and business disruption because of the coronavirus outbreak.

Action includes DFS directors taking pay cuts and New Look pausing all production, as well as both cutting marketing spend.

DFS said that as well as temporarily shutting its branches and manufacturing facilities, it was also suspending deliveries ”to protect our people and our customers”.

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