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Lessons from Tesco: How to stop retailers paying late
Tesco’s aggressive payments practice caused cash flow problems for its suppliers. CT explains to how to stop the big guys from doing this.
On January 26 the UK government published a damning report stating that Tesco, the world’s third largest retailer in terms of profits, was intentionally paying customers late and not paying them in full to present better balance sheets to investors. This practice put smaller suppliers in serious trouble, although it seemed Tesco cared little of this.
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