Supermarket giant Tesco has added a new wine buyer to its team as its director for beers, wines and spirits, Dan Jago, remains suspended.
Business secretary Vince Cable has voiced his concerns about Tesco’s £263 million financial scandal, calling for a comprehensive review of the company’s practices.
The Serious Fraud Office is to carry out a criminal investigation into the finances of UK supermarket Tesco.
Tesco has launched a beer created by injured war veterans to raise money for British armed forces charity Help for Heroes.
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%.
Tesco’s beer, wine and spirits division is unlikely to have contributed to the supermarket’s £250 million accounting “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.
Tesco has suspended three executives – including its director for beer, wine and spirits – as part of an investigation into a £250 million profit overestimation.
UK supermarket Tesco has doubled its Argentine wine range and next month will launch its most expensive own-label wine ever.
Supermarket giant Tesco, one of the biggest wine retailers in the world, has suspended four executives over a £250million overestimation of profits.
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