Sunday, Sep 13, 2009
"The bottom of the recession has been reached"
The Times: Credit easing brings an early Christmas for retailers
Well-known names, including Dixons, JJB Sports and Threshers, and chains such as House of Fraser and Oasis — owned by Baugur, the troubled Icelandic investor — were reported this year to have had cover withdrawn by one or all of the big three credit insurers.
Yet now, in the run-up to the crucial period when retailers stock up for Christmas, the picture is changing dramatically and several of the big credit insurers seem ready to let previously blacklisted companies off the hook.
Posted by devo @ 11:20 PM (243 views) Add Comment
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