Tesco’s Dan Jago suspended

14th October, 2014 by Lauren Eads

Tesco has suspended three executives – including its director for beer, wine and spirits – as part of an ongoing investigation into a £250 million overestimation of profits.

Dan Jago

Dan Jago

While Tesco has refused to confirm the names of those suspended, it is understood that Dan Jago, head of beer, wines and spirits, is one of three executives asked to step aside.

This is according to retail consultant Steve Dresser who has confirmed the information to the drinks business

Two further executives have been named as William Linnane, head of impulse, and Sean McCurley, head of convenience.

Jago’s official twitter account has also disappeared.

In a statement released today Tesco said: “We have asked three employees to step aside to facilitate the investigation into the potential overstatement of profits in UK food for the first half of the year. We will provide an update on the investigation with our interim results on 23 October.”

The UK supermarket chain has now suspended a total of eight executives as part of an ongoing investigation into a profit shortfall of £250 million, which was revealed earlier this year. 

Deloitte and the law firm Freshfields are currently investigating how the extra £250 million came to be factored into the company’s estimated profits.

An update on its findings is expected on 23 October.

2 Responses to “Tesco’s Dan Jago suspended”

  1. ALLAN CHEESMAN says:

    I really feel sorry for Dan and his team who in my experience are one of the most professional in the supermarket buying scene.I would call them firm but fair and while other supermarkets and retailers may indulge in buying shananigans this is not the Tesco model in my experience. Obviously if you are dealing with mega global suppliers there are joint business plans and vast sums of monies for promotions , listings , etc as well as volume agreements. I hope that the auditors see sense and that Dan and his team are back to normal to sell the wine that we all need to do!

  2. Rak says:

    Not surprised this happened. I know Dan is regularly invited to play golf with my company and now i know what goes on…forget joint business plans….more like try and influence supplier payment….

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

National Sales Manager

Maverick Drinks
Field based, UK

Regional Sales Executive

EWGA
Gloucestershire, UK

Senior Content Writer

Rude Wines
Ledbury, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more