Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Fury over Premier Foods ‘pay to stay’ scheme [View all]
If this happened in any other country, we'd call it "asking for a bribe".
http://www.theguardian.com/business/2014/dec/05/premier-foods-pay-stay-supplier
Small businesses have called for an end to “unfair” payment practices after it was revealed that one of the UK’s biggest food manufacturers had requested payments from suppliers to keep doing business with the firm.
Premier Foods, maker of Oxo stock cubes, Ambrosia custard and Mr Kipling cakes, asked for payments totalling millions of pounds from suppliers across the country, according to a BBC Newsnight investigation.
The Federation of Small Businesses (FSB) said the revelations were only the latest example of bad payment practices that were stretching suppliers to breaking point. It said one small business in the south west had been asked to pay £1,700 to secure its future business with Premier Foods.
“Premier Foods should be ashamed of themselves. Driving a hard bargain with your suppliers is one thing, but demanding a cash gift under the threat of delisting, is downright unfair,” said John Allan, FSB chairman.
Premier Foods, maker of Oxo stock cubes, Ambrosia custard and Mr Kipling cakes, asked for payments totalling millions of pounds from suppliers across the country, according to a BBC Newsnight investigation.
The Federation of Small Businesses (FSB) said the revelations were only the latest example of bad payment practices that were stretching suppliers to breaking point. It said one small business in the south west had been asked to pay £1,700 to secure its future business with Premier Foods.
“Premier Foods should be ashamed of themselves. Driving a hard bargain with your suppliers is one thing, but demanding a cash gift under the threat of delisting, is downright unfair,” said John Allan, FSB chairman.
2 replies
= new reply since forum marked as read
= new reply since forum marked as read