Apparel maker N Brown in talks with lenders as sales slump

March 23 (Reuters) - Plus-sized fashion retailer N Brown
has maxed out its main credit facilities and may need
further funds under a downside scenario for the coronavirus
shutdown, the company said on Monday.

The Manchester-based apparel maker, which employs 2,400
across the UK and has already seen a 40% fall in daily product
sales, said it was in talks with its lenders as well as with UK
tax authorities about the deferral of tax and national insurance
payments.

It also suspended its dividend for the foreseeable future
and warned that its 2020 adjusted pretax profit would be below
its prior forecast of a 70 million pounds to 72 million pounds
($83.70 million) range.

($1 = 0.8602 pounds)
(Reporting by Tanishaa Nadkar in Bengaluru; editing by Patrick
Graham)