According to CityAM, quoting Cantor Fitzgerald’s Mike Dennis, the investigation could be wrapped up this week. Any fine/redress will obviously impact Tesco’s cash position in terms of repayment and re-financing bonds, adding to pressures on the company.
Longer term we believe that the government will legislate re the accounting for trade investment, and probably move to retro-payment based on auditable results.
This means a move for suppliers to building in KPIs and compliance for every trade initiative, an inevitable and long overdue progression to fair-share dealing....
This development coupled with Tesco’s loss of market share, and unlikelihood of a return to old market dominance, means that suppliers are in a stronger position re negotiation of compliance.
A once-only opportunity for NAMs that are prepared to go all the way…
Longer term we believe that the government will legislate re the accounting for trade investment, and probably move to retro-payment based on auditable results.
This means a move for suppliers to building in KPIs and compliance for every trade initiative, an inevitable and long overdue progression to fair-share dealing....
This development coupled with Tesco’s loss of market share, and unlikelihood of a return to old market dominance, means that suppliers are in a stronger position re negotiation of compliance.
A once-only opportunity for NAMs that are prepared to go all the way…
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