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Home Industry News Reckitt Benckiser denies Tesco accusations

Reckitt Benckiser denies Tesco accusations

5th November 2008

Reckitt Benckiser (RB’s) has responded to claims in the Financial Times that it accused Tesco of delaying supplier payments.

Andraea Dawson-Shepherd is RB’s global director of corporate communication and affairs, and wrote to the newspaper personally in order to correct the story published on October 31st.

This had quoted RB chief executive Bart Becht as saying there was a question whether Tesco could eventually “drive the smaller suppliers out of business”.

The Financial Times titled the article “Tesco accused of putting small suppliers at risk” and said RB, which manufacturers personal, consumer and health care products, had alleged the chain was “forcing” companies to wait for up to two months for payments.

However, Ms Dawson-Shepherd responded: “Reckitt Benckiser did not accuse Tesco of anything.”

She added that when asked about payment term changes, Mr Becht had responded that “he did not believe they would make sense in such a high stock turn sector”.

The newspaper had accompanied Mr Becht’s comments by saying it was “unusual” for him to make such a public statement.

Some of the brands made by RB include Clearasil, Nurofen and Strepsils.

The company also makes products such as air fresheners and dishwasher tablets.

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