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.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
