Kingfisher set to cut 3,000 suppliers
28 August 2012
Retail group Kingfisher, which owns DIY store B&Q and Woolworths, will cut more than 3,000 of its 8,000 suppliers over the next five years.
A Kingfisher spokesman said: "The plans to reduce our supply base are less about cutting costs and more about working far more closely with fewer suppliers.
"It's about buying more from them and forming more direct relationships rather than working through wholesalers.
"We want to avoid the middleman. Wholesalers can often add something in terms of value...