Asda chief executive Andy Clarke has expressed concern for the reputation of the grocery industry as a whole after the Tesco accounting scandal which saw it overstate profits to the tune of £263m.
In an interview with the Telegraph, Clarke said he expected its rival to “bounce back” but added that consumer trust has been impacted across the sector.
He compared it to the horsemeat scandal which came to light in early 2013. Tesco was among a number of major supermarkets – including Aldi, Iceland and Lidl – who were forced to withdraw products after horse Read full story ›
Source: The Drum
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