Bay urges suppliers to shun Eaton

Article Abstract:

Marina Hudson's Bay Co is appealing to suppliers not to provide goods to T Eaton Co Ltd which have become insolvent. Hudson's said in a letter that providing supplies to Eaton would have a negative effect on its business and would be contrary to a true partnership. While Hudson's merchants are willing to talk to suppliers regarding deals to buy Eaton's goods, they will not be willing to assume additional risk. Some suppliers see the letter as a threat in which they would lose their business with Hudson's if they continue to provide goods to Eaton.

Hudson's Bay Co.

---

Eaton takes longer to pay suppliers

Article Abstract:

Toronto, Canada-based T Eaton Company Ltd, a money-losing retailer, is taking longer to pay suppliers. This is causing concerns among suppliers, some of which are threatening to stop shipments of fall goods scheduled tp begin in mid-Jul 1999 unless they are fully paid. The company, which emerged from protection in late 1997, is looking to restructure its operations or seek a buyer, possibly Toronto-based Sears Canada Inc.

T. Eaton Company Ltd.

---

Similar abstracts:

• Abstracts: Zellers to launch toy catalogue. Emo in Wal-Mart's crosshairs with its everyday lower prices. What would Linda buy? Wal-Mart needs to know
• Abstracts: Two biggest shareholders make offer for Meridian. Magna sells off part of Triam
• Abstracts: Chrysler Canada expected to name CEO. Stronach eyes Magna cash for investments
• Abstracts: Big 3's ties to suppliers are eroding. NAFTA 'unreasonable,' Toyota says
• Abstracts: Combating addiction: Epidemic proportions. Protestants today: Black churches cater to suburban middle class. Mortgage crisis: easy money

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.