Tesco has appointed Dixons Carphone deputy chairman John Allan to lead its board of directors after the departure of Richard Broadbent.
Tesco has agreed to pay its former CEO and CFO over £2 million in “damages” after they stepped down in October following the company’s profit scandal.
The UK’s biggest supermarket and drinks retailer Tesco is planning to cut its range of wine, beer and spirits by a third, according to reports.
An “unprecedented” new body combining the drinks trade and retailers has published its first set of guidelines on alcohol standards in retail.
The board of UK supermarket Morrisons has voted to oust its CEO after the retailer performed the worst of the big supermarkets over Christmas.
Tesco is predicting its full-year profits will be £400-800 million below market expectations, prompting its stock price to nosedive by 16%.
Northern Ireland health minister Jim Wells has said he plans to bring in minimum unit pricing, with plans for a public consultation in the new year.
The UK wine market has split into two distinct tiers of consumers: those who splash out and those who are drawn to deep discounts, according to a new report.
Rather than fine wine, craft beers and spirits are driving growth at Majestic, with sales of small batch beers and spirits up 164% on last year at the UK retailer.
Chief executive Michael Clarke has retaliated against criticism from small retailers, saying they are too quick to get upset when big outlets get better deals.
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