Maeil Dairies Also Stops Supplying Some Products
Binggrae has suspended product supply to Homeplus, which is currently undergoing corporate rehabilitation proceedings (court receivership).
According to the food industry on May 27, Binggrae halted the delivery of all products to Homeplus starting May 24. A Binggrae representative stated, "We suspended deliveries due to disagreements during negotiations over transaction terms." This is the first time Binggrae has suspended supply to Homeplus. Binggrae did not halt deliveries even when Homeplus applied for the commencement of corporate rehabilitation proceedings in March.
In addition to Binggrae, Maeil Dairies is also not supplying certain refrigerated products to Homeplus due to inventory issues and other reasons.
Among consumers, there are concerns that the suspension of deliveries to Homeplus by food companies, which occurred in March, may be repeating. After Homeplus announced the commencement of corporate rehabilitation proceedings in March, major food companies such as Ottogi, Dongseo Food, and Lotte Chilsung Beverage suspended deliveries to Homeplus but later resumed them. In the case of Seoul Dairy Cooperative, it was unable to reach an agreement on transaction terms with Homeplus and suspended deliveries on March 20, only resuming them 43 days later on May 2.
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