Around the Net

Tesco Slammed By Watchdog For Withholding Payments To Boost Profits

Tesco deliberately delayed payments to suppliers in order to bolster profits, with internal emails suggesting that payments should be deferred in order to meet City expectations, according to a damning report by the Groceries Code Adjudicator. The supermarket, which along with its Big Four counterparts is renowned among suppliers for abusing its power, failed to pay multi-million-pound amounts for as long as two years.

Read the whole story at Marketing »

Next story loading loading..