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| Journal: TWUK | Section: |
| Title: | Issue Date: 29/05/00 |
| Author: | Page Number: 80 |
| Copyright: Other |
Urbanweb managing director Steve Endacott was hauled into a meeting with Cosmos managing director Nigel Wright and was told to put a halt to anti-agent sales techniques.
Endacott said that following the meeting, he has told staff to stop anti-agent sales techniques. "It is not policy,” he said. "It was one staff member being over enthusiastic.”
News of the talks emerged as Cosmos admitted holding a significant stake in Urbanweb, which runs the operator's direct-sell operation.
It was previously thought the two companies only had a commercial agreement. Cosmos' parent, the Globus Group, invested around £400,000 in the start-up operation and holds a shareholding of around 20%.
Wright admitted the stake was enough to "have an influence” on the business. He stressed the shareholding did not mean the company was embarking on a direct sales drive.
"Our direct sales were 1% of our business before the Urbanweb deal and it's only 2%-3% now,” said Wright.
Wright: told Endacott that his tactics were undermining agents