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Woolworths has strongly denied reports that major suppliers have temporarily halted trading through Bertrams, while negotiations over credit terms continued, reports the Telegraph. Trade was continuing "as normal" insisted the spokesman.
The withdrawal of insurance cover for Bertrams has forced publishers to demand quicker payment, as">http://www.thebookseller.com/news/68203-suppliers-tighten-bertrams-terms... The Bookseller reported yesterday (2nd October), leading some, such as Hachette Distribution, to temporarily halt supply as new terms are agreed.
It was expected that supply could recommence later this week. According to the Telegraph update, one publishing executive claimed that they had suspended deliveries and that publishers were hoping to work out a deal soon. "It certainly isn't just us who are temporarily suspending supply," she said.