I read another critical article in the FT at the weekend about Alliance Boots extending its payment terms to suppliers to 75 days from the end of month invoice date, thus squeezing the cash flow of countless numbers of smaller British businesses.
Alliance Boots and other large corporations publish an awful lot about their Corporate Social Responsibilty policies, and what they do to make the world a better place. Boots for instance talks on its CSR website about its belief that it has an "enormously valuable role to play in promoting the health of our nation", and also believes in treating its customers "fairly".
See full Article.
Posts
