MUCH WAILING and biting the bullet among suppliers to mail order catalogue house Freemans, following its latest ‘invitation’ to cede a greater discount for prompt payment. The company, recently acquired as part of the Sears package by ‘entrepreneur’ Philip Green, currently receives a discount of 8% for not sitting on other people’s money beyond the customary period. Word is that this has been upped to 10% in the wake of the takeover.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.