JJB Sports suppliers' credit insurance pulled
- Published: 06 October 2008 09:39
- Author: Marino Donati
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- Last Updated: 06 October 2008 11:45
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Credit insurance company Coface has withdrawn cover for suppliers to JJB Sports.
According to The Sunday Telegraph the suppliers are likely to demand better deals from the retailer or refuse to supply .The insurance protects suppliers if they provide product for a company which then goes bust.
The move follows a "going concern" warming from the retailer's auditors. JJB reported an adjusted pre-taz loss of £9.7m last month.
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