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12 Nov 2008
DSG international (DSGi) has quashed reports that credit insurer Atradius has pulled coverage on stock sold to the retail behemoth.
Despite admitting it has been caught up in Atradius’ decision to reduce risk in the wider retail sector, DSGi played down the impact it would have on its business.
A statement from the retailer read: “Whilst it is true Atradius have reduced, but not withdrawn, credit insurance across the retail sector, this is not a DSG-specific issue. This is more about Atradius and how it manages its business.”
Further reading
The retailer stressed that the shake-up would not affect the volume of stock it can put on its shelves this Christmas.
“Our suppliers still have access to credit insurance, they continue to supply us and there have been no changes to our terms with suppliers,” it said.
It added that “Atradius is only one provider of credit insurance in the market”.
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