Credit insurer slashes cover for Iceland suppliers
Iceland suppliers have had their cover slashed by a major credit insurer as soaring energy costs place the food retailer under mounting pressure.
Insurer Coface cut cover on Iceland’s suppliers in December, following the lead of both Allianz Trade and Atradius, who cut their coverage on the frozen food specialist last year, according to The Sunday Times.
The removal of credit insurance means suppliers are no longer protected against the risk of the retailer going bust between an order being delivered and payment being received.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.