Kickback culture: 'loyalty schemes' push build pricing up by 10%

Tim and Lester Haycock: consumers paying for 'fishing trips'. (Image: BusinessDesk)

Thu, 17 Mar 2022

Building materials importer Lester Haycock says he’s been locked out of Fletcher Building and Carters' outlets because he won't push up margins to make room for rebates.Auckland based Haycock markets and distributes a variety of products into the trade, including his big seller – a magnesium sulphate flooring board called Maglok Dragonboard.But when he started bringing in Maglok – a fire and water-resistant product in widespread global use – about four years ago, he found himself shut out of most major distributi...

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