CW MERGING WITH ITS OWN BANKERwhen in early days SIGMA wanted to...

CW MERGING WITH ITS OWN BANKER
when in early days SIGMA wanted to increase sales and profits by extending credit as a banker to all chemists for 12 months interest free. The benefit was that high turnover stocks could be reordered using sales if previous stock sakes every week or month could be sold at less than competitors before paying SIG ASX . Some chemist owners bough horses and went broke but CW expanded their complex partnership using Sigma,as their bank.

Research shows that during 2009/2010 #SIG ASX disgraced itself and all is now forgotten by current management, staff and the public #ACCC

if the #ACCC approve the deal the stores could all start to increase prices and double or triple their profits overnight.

So merger will be an interesting one..if #ACCC agrees to a purchases at an exorbitant price for the businesses of CW Partnership. Slater & Gordon did it before the company went broke.

https://www.google.com/amp/s/amp.smh.com.au/business/ahead-of-the-game-in-all-the-wrong-ways-20100414-se3m.html

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2015-releases/15-170mr-former-sigma-ceo-and-cfo-plead-guilty-to-falsifying-books/