Asda forced to repay suppliers after watchdog’s fair dealing probe
Asda has been forced to pay back hundreds of thousands of pounds to suppliers after breaching an industry code governing fair dealing.
The Groceries Code Adjudicator found the company to have demanded up front payments worth up to a quarter of the value of annual sales of particular products in order for suppliers to keep their business with the supermarket, The Guardian reported.
Some of those who refused to make these payments, which were greater than those agreed in suppliers’ contracts, were given notice that they would b... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
