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Unilever in Thailand Set to Attract Small Stores.

Bangkok Post (Bangkok, Thailand)

| July 03, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jul. 3--Unilever (Thai) Holdings Co is offering a new credit tool exclusively to small grocery stores to encourage them to make purchases directly from the consumer-goods giant than from discount stores.

Issued in conjunction with Siam Commercial Bank, the Unilever Credit Plus card will offer credit terms of up to 35 days, compared with the 14 days normally offered by Unilever's agents to small retailers.

Unilever is seeking to draw back retailers who have been obtaining their products from discount stores that sell goods below suppliers' benchmark prices, as well as offering additional giveaways.

However, small retailers must pay cash for such ...

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