Latest Tesco news
Tesco has become the latest major supermarket to tap the trend for Chinese cuisine with the launch of its first wine from the country.
Tesco’s recovery under ceo Dave Lewis is continuing to gather pace with profits having broken through the £1bn mark once again, boosted by the retailer’s UK supermarket chain, which posted its first full-year like-for-like UK sales growth – up 0.9% - since 2009/2010.
Tesco has finally reached an agreement with the Serious Fraud Office (SFO) and will pay £129m fine following 2014’s damaging accounting scandal.
The battle for the retail shelves Subscription
The latest Nielsen retail reports make for interesting reading. Supermarket own-brand wines showed growth of 12.6% in the 12 weeks leading up to January 28, 2017, an escalation from 5.5% year-on-year growth, while brands lost 3% share.
On the international stage, the big news this week has been dominated by an increasingly maddening number of acronyms and portmanteaus – CETA, Brexit, TTIP – as the top echelon of global businesses and governments on both sides of the Atlantic make decisions which will impact the immediate future of the trade.
In case you missed some of the headlines this week on harpers.co.uk, we have put together a review of the top online news, Q&As, and opinion stories.
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