Coles defends its supplier squeeze

 In Australia, Coles, NewZealand

Coles boss Ian McLeod has launched a spirited defence of its tactics to squeeze its suppliers, arguing that some enjoy higher profit margins than the supermarket chain does while selling Australian goods more cheaply abroad than they make available locally.
”What should we do?” he asked. ”Challenge it, or turn a blind eye?”  Sydney Morning Herald – Read more…

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