Raider: Harry's finances large retailer receivables using debt
Jeff Raider · Advice Line with Jeff Raider of Harry's · Aug 1, 2024 · at 15:08
Harry's co-founder Jeff Raider advises gelato founder Uli Nasibova on managing cash flow gaps between production and grocery retail payment terms.
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“It's an issue we struggle with at Harry's. You know, we sit on a And have a bunch of receivables from large retailers, and the way that we pay for that is with debt financing, because people know at the end of the day that, like, their money good. Like, their risk is that Whole Foods defaults on their payment to you, which is a very low risk, and therefore they're willing to lend at pretty attractive rates against things like that”
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