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Friday 24 October 2014

Tesco

Tesco chairman steps down amid turmoil

Tesco has been found to have overstated its profits by £263m, £14m more than first thought, as it revealed today that its post-tax profits are down 92%.

Thursday, October 23rd, 2014 1 Comment »

Tesco drinks division ‘not likely implicated’

Tesco’s beer, wine and spirits division is unlikely to have contributed to the supermarket’s £250 million accounting “black hole”.

Tuesday, October 21st, 2014 No Comments »

Tesco to announce smaller ‘black hole’

UK retailer Tesco is expected to announce that the £250 million ‘black hole’ in its accounts – that has led to the suspension of BWS director Dan Jago – was overstated by around £25m.

Monday, October 20th, 2014 1 Comment »

Tesco’s Dan Jago suspended

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

Tuesday, October 14th, 2014 2 Comments »

Tesco to launch priciest own-label ever

UK supermarket Tesco has doubled its Argentine wine range and next month will launch its most expensive own-label wine ever.

Friday, October 3rd, 2014 No Comments »

Tesco in turmoil over inaccurate results

Supermarket giant Tesco, one of the biggest wine retailers in the world, has suspended four executives over a £250million overestimation of profits.

Monday, September 22nd, 2014 No Comments »

Tesco begins big wine clearance

Tesco is offering discounts up to 64% on a wide range of lines from Austrian Riesling to 20 year-old Madeira as part of a wine warehouse clear-out.

Tuesday, August 26th, 2014 No Comments »

Tesco store swaps veg for booze

A Tesco store in Reading, England, emptied aisles it previously reserved for fruit and vegetables — to make room for piles of beer and spirits.

Tuesday, August 26th, 2014 6 Comments »

Tesco to trial word cloud wine labels

Tesco has announced plans to host a wine tasting with the aim of creating more customer friendly and cutting edge wine descriptors.

Tuesday, August 5th, 2014 1 Comment »

Brits becoming ‘cider snobs’, says NACM

A growing preference for “pricier, artisan” ciders is turning Britain into a nation of “cider snobs”, according the category’s trade body.

Monday, August 4th, 2014 No Comments »

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