Articles tagged supermarkets

Retail News - Tesco receives 3 bids for South Korean business after roller coaster auction

All’s well that ends well, an idiom Tesco will no doubt be feeling the ringing truth of this morning after a roller coaster ride of an auction for its South Korean business ended with three bids totalling almost GBP 4 billion.

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Employee-owned retail group The John Lewis Partnership will outline plans to reduce the value of its bonus pot for a second consecutive year, this week.

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Retail News - Morrisons ex-head of tax jailed for insider trading

The former group treasurer and head of tax at Morrisons has been jailed for a year.

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Reports are emerging that Morrisons could be on the cusp of announcing a new chief executive appointment, with former Tesco executive David Potts tipped for the job, according to CityAM.

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UK supermarket chain Waitrose has drafted in The Fairtrade Foundation to assist with its ethical food sourcing operation.

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Tesco chairman Sir Richard Broadbent is to step down from his role on 1st March, the supermarket announced yesterday, with John Allan, chairman of property developer Barratt Developments and payment services provider Worldpay, set to succeed him in the role.

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Tesco has committed to creating a £20,000 community fund following its abandonment of two store developments in Cambridgeshire.

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Tesco is warning suppliers to keep up with the falling prices of raw materials if they want to continue stocking with the supermarket chain, reports The Sunday Times

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Retail News - Aldi to open 70 new UK stores

Aldi is to open over 70 new stores throughout the United Kingdom, it has emerged.

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The Groceries Code Adjudicator, Christine Tacon, is to launch an investigation into operations at Tesco, on the “reasonable suspicion” that the chain may have breached the Groceries Supply Code of Practice.

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