The substantial efforts Tesco has made to improve its brand image have taken a knock as a formal investigation into the £263m accounting scandal concluded today (26 January) that the retailer “knowingly delayed paying money to suppliers in order to improve its own financial position”.
The investigation began last February after a £263m black hole was found in its account, arising from the way in which it was reporting income from its suppliers.
The Groceries Code Adjudicator (GCA) found that the retailer had acted unreasonably.
“I was also troubled to see Tesco at times prioritising its own finances over treating suppliers Read full story ›
Source: The Drum
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