This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

https://servedby.flashtalking.com/click/2/82776;2714294;369307;211;0/?ft_width=1&ft_height=1&url=16151650

Tesco forced to pay £1 million over GCA investigation

04 February 2016

The country’s supermarket ombudsman has ordered Tesco to pay £1 million to cover the cost of her investigation into the retailer. 

Christine Tacon, the Groceries Code Adjudicator, said the sum was not a punitive measure. Instead, it would cover the £1.2 million costs that were spent investigation Tesco over its relationship with suppliers. 

“I asked Tesco to contribute this money, which is a sizeable sum for any business,” she was quoted as saying by the Guardian. 

The GCA was not able to fine Tesco for breaches to the Groceries Code, as legislation which empowered the regulator to do so were introduced only after the investigation had begun. 

Details of the two year investigation, from 2013 to 2015, was released to the public last month. 

They suggested Tesco knowingly delayed payments to suppliers in order to boost reported margins. The delays lasted for months, sometimes years. 

One supplier had to wait for two years to be paid a multi-million pound sum. 

Tesco welcomed the report and said it had already introduced changes to how it behaves toward suppliers. 


Print this page | E-mail this page

MOST VIEWED...


Article image What role does refrigeration play in the supply chain?

Controlling the temperature of food across the whole supply chain is vital to extend shelf life. But how much can be gained by food manufacturers through careful monitoring at all process stages?Full Story...

Article image Getting the best out of PLCs

PLCs are something of an industry giant, so why is there still apprehension when engineering issues arise? Food Processing investigates.Full Story...

Anheuser-Busch InBev’s distribution strategy model

Gently does it

Hygienic drainage for food safety

http://www.fponthenet.net/whitepapers.aspx?ShopItemID=1231