Latest Tesco news
Consumers are the real winners this year, with almost 500 medals from the 2015 International Wine Challenge being awarded to supermarkets’ own-brand and exclusive wines.
Kantar Worldpanel released it most recent UK retail figures today showing that “a massive £532m has been taken out of the supermarket revenue pool in just three months” according to Fraser McKevitt, the head of retail and consumer insights at Kantar.
Tesco has reported the worst annual financial results in the retailer’s 96 year history, showing a loss of £6.376bn and underlying profit before tax fall just over 70% for the year.
Today Tesco confirmed several changes to its wine buying team as a result of a restructure including the appointment of James Davis MW as category buying manager for wine as well as some key departures.
Tesco is said to be announcing a number of changes to its wine buying team including bringing back James Davis MW from Greene King and a series of redundancies, according to a report on harpers.co.uk sister publication Off Licence News.
Aldi has overtaken Waitrose to become the sixth largest supermarket in Britainwith 5.3% of the market, according to Kantar Worldpanel’s retail figures released today.
Tesco is facing a potential multi-billion pound class action lawsuit in the UK by a not-for-profit organisation representing its shareholders, in relation to the profit overstatement it announced last year.
Bordeaux 2014 en primeur: The verdict Subscription
Start your own blog on Harpers.co.uk
Not only post up your latest comments and opinions but build up a back library of articles for colleagues and members of the trade to search for online. All you have to do is commit to writing a blog at least once every three weeks. Be prepared to have your work edited by the Harpers team - and if you dish criticism out, then be prepared to take it in return!Start Blogging!