Home Tag "gianfranco lanci"

Acer EMEA to write-off US$150 million in channel inventory

The Channel Post Staff
Acer’s board of directors has agreed to take one-time action on recent findings of high channel inventory and disputed accounts receivable in the Europe, Middle East and Africa (EMEA) operations. Acer will provide channels with US$150 million in sales allowance to clear inventory, which will result in operating loss of the same amount. The move follows the replacement of former CEO and president Gianfranco Lanci two months ago prompting Acer to a company reorganisation. The new management team carried out internal audits of EMEA operations and discovered abnormalities in terms of channel inventory stored in freight forwarders’ warehouses, and in the accounts receivable from channels in Spain.
Do NOT follow this link or you will be banned from the site!