Latest Tesco news
The ongoing price wars in the British grocery market have led sales to decline by 0.2% - the first decrease since market research firm Kantar World Panel began keeping records.
In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
Tesco has boosted its wine team with the addition of an assistant buyer and quality manager.
Oddbins boss Ayo Akintola has ended 25 years of cordial relations with rival retailer Majestic in a hard-hitting comment for Harpers.co.uk in which he accuses the firm of “morally repugnant” and “shabby” behaviour after it called on suppliers to fund a new warehouse.
TescoGate Analysis: Tesco woes go from bad to worse Subscription
The cat is still well and truly among the pigeons at Tesco. Following its £263 million profits overstatement, suspension of head wine honcho Dan Jago, along with seven other senior executives, and the current investigation by the Serious Fraud Office, every little has not helped.
Tesco UK and European investors could join US shareholders in taking legal action against the beleaguered retail chain in the wake of its £263 million overstatement of profits.
Lidl is the UK’s best supermarket for wine when it comes to value – according to an 18-month study tasting over 4,000 wines carried out by the Wotwine app.
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