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Re: Woolworth's
I had it explained to me the other day - how companies like Woollies go bust.
It's all down to insurance.
Most companies rely on buying things on credit. The companies that supply them take out insurance just in case Woollies can't pay up. That's fine but then if things get a bit shaky the insurance companies won't insure them any more so no one will supply them unless they pay up front.
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The views expressed within this post are mine and mine alone.
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