Thursday, 5 February 2015 - 10:17
Top book distributor refuses to supply V&D
Supplier CB (formerly Centraal Boekhuis) has not been delivering books to the financially troubled V&D for almost two weeks. CB made this decision on January 23rd after its credit insurer, Coface, withdrew V&D's credit limit, NOS reports. CB stopped the supply to avoid having to bear the burden if V&D can no longer pay its bills. All accounts that are currently still open are still covered by the credit insurer. CB emphasized that V&D is not in arrears, according to NOS. V&D now appears to have problems with suppliers in addition to the problems the department store group already has with shop owners and unions.