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Published: Mar 28 , 2013
Author: The Scotwork Team
Over the weekend there were reports in the UK media that the multinational retailer Laura Ashley had written to its suppliers requesting an immediate 10% cost price reduction on all orders already agreed and contracted. The demand was accompanied by a statement that this would save Laura Ashley the need to review its supplier base – in other words, failure to agree would prompt such a review, and some suppliers would inevitably be delisted as a result...