Latest Tesco news
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.
Tesco has signed a deal to regain full ownership of 21 superstores that it owned-jointly with a property investment company.
Supermarkets are missing out on £400 million in sales as price deflation continues to pick up pace offering further savings to consumers, according to latest figures from Kantar Worldpanel.
Tesco has confirmed to Harpers.co.uk that Dan Jago, who is returning to the business on March 9, was never actually suspended from the company, but asked to “step aside”.
Shifts expected in the off-trade over the next 12 months are likely to create a “huge opportunity” for independent merchants, according to Tim Wilson of the Wilson Drinks Report.
Tesco has launched a new code of conduct for staff, according to Harpers’ sister title The Grocer.
Dan Jago, who was suspended from his role as Tesco’s director of wine, spirits and beer at the height of the fallout from the £263 million shortfall in the retailer’s profits, is being reinstated and will return to the retailer in a new role on March 9.
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!