Payment

Former Tesco execs get £2.2M pay-off after all

04-Feb-2015 By Rod Addy

Tesco has agreed to pay ceo Philip Clarke £1.2M and chief financial officer Laurie McIlwee £970,000 in damages, having suspended payments following their 2014 departure from the business.

Adjudicator threat ‘saves’ Sainsbury’s suppliers from ‘bullying’

22-Oct-2012 By Lorraine Mullaney

The threat of falling foul of the forthcoming Groceries Code Adjudicator has saved Sainsbury’s food and drink suppliers from having their payment times extended, according to the Forum of Private Business (FPB).

Molson Coors defends move to triple payment terms

21-Sep-2010 By Elaine Watson

Molson Coors has defended its decision to triple the time it takes to pay its suppliers from 30 to 90 days.

Call for policing of late-paying retailers

02-Nov-2009 By Hayley Brown

Industry bodies are calling for the stricter policing of food retailers, after new data from Experian revealed that retailers paid suppliers an...

Marks sparks supplier row as it puts a hand in firms' pockets

29-Mar-2006 By Elaine Watson

Retailer makes no apologies for imposing a 0.5% non-negotiable marketing allowance