Blog: Dean BestFrance's retail reform looks good on paper...

Dean Best | 25 July 2008

Continental legislators have a gift for sweeping their most controversial acts under the carpet on their way out for the holidays.

This week, the French parliament has ended its session by rolling out the final version of its law to modernise the economy (LME).

Supermarket suppliers will be relieved to know that they will be required to trade to a written contract next year, even if they will have to invoice at fully net prices. With luck the contract will be one that they helped to draft, although some retailers have in the past thoughtfully brandished ready-to-sign agreements during negotiations, without so much as a duplicate copy to take home.

There will be a 60-day limit on invoice settlements (or end of month + 45 days). A stray amendment made that invoice date plus 60 days, not the delivery date.

There are previous cases where retailers have asked for late invoices, but with luck the contract will have covered payment terms...

Peter Crosskey


BLOG

Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....

BLOG

Another UK meat supplier under microscope

Sunday saw another product recall involving another UK meat supplier announced by the country's food standards watchdog....

BLOG

And another UK meat recall...

The question marks over parts of the UK's meat supply chain have intensified this morning....

BLOG

US food agency hints at direction of travel with "policy roadmap"

It's light on specific details but a new "strategic policy roadmap" for 2018 from the US Food and Drug Administration should give manufacturers a sense of where the agency could be looking to act this...



Forgot your password?