Tesco announces changes to its Executive Committee and International Leadership team

CHESHUNT, England, 2017-Mar-23 — /EPR Retail News/ — Tesco has today (20 Mar 2017) announced changes to its Executive Committee and International Leadership team. After 38 years of distinguished service to Tesco, Trevor Masters, CEO Tesco International, will leave the business at the end of May. Trevor began his Tesco career as a teenage management […]

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Tesco launches online ‘food waste hotline’ to help suppliers and growers identify food waste hotspots

CHESHUNT, England, 2017-Mar-15 — /EPR Retail News/ — Tesco has launched an innovative, online ‘food waste hotline’, to help make it easier for suppliers and growers to pinpoint ongoing food waste hotspots, and work with the retailer in tackling them. The ‘hotline’ is accessible to all Tesco suppliers via the retailer’s online Supplier Network, a resource […]

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Tesco announces the appointment of Alessandra Bellini as Chief Customer Officer

Tesco announces the appointment of Alessandra Bellini as Chief Customer Officer   CHESHUNT, England, 2017-Jan-14 — /EPR Retail News/ — Tesco is pleased to announce the appointment of Alessandra Bellini as Chief Customer Officer, from 1 March 2017. Alessandra will join the Executive Committee and the UK Leadership team. Alessandra joins from Unilever where she […]

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New Champions 12.3 report calls on all nations to halve food waste and reduce food loss by 2030

New Champions 12.3 report calls on all nations to halve food waste and reduce food loss by 2030   Washington, D.C, 2016-Sep-24 — /EPR Retail News/ — A new report released assesses the world’s progress toward Target 12.3 of the Sustainable Development Goals (SDGs), which calls on all nations to halve food waste and reduce […]

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Tesco to sell Dobbies Garden Centres to an investor group led by Midlothian Capital Partners and Hattington Capital

CHESHUNT, England, 2016-Jun-17 — /EPR Retail News/ — Tesco has today confirmed the sale of its Dobbies Garden Centres business to an investor group led by Midlothian Capital Partners and Hattington Capital.  The sale represents the entire share capital of Dobbies Garden Centres Ltd.  Tesco will receive £217m in cash, which will be used for general […]

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Tesco CEO Dave Lewis urged collaboration in tackling food waste right across the supply chain at the Global Summit of the Consumer Goods Forum

CHESHUNT, England, 2016-Jun-17 — /EPR Retail News/ — In a keynote speech at the Global Summit of the Consumer Goods Forum in Cape Town today Tesco CEO Dave Lewis encouraged business to do more to tackle food waste, and called on the wider industry to publish their food waste data in order to make meaningful progress. […]

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Tesco to sell Kipa business in Turkey to Migros and Giraffe restaurant chain to Boparan Restaurants Holdings Limited

CHESHUNT, England, 2016-Jun-10 — /EPR Retail News/ — Tesco today confirmed the proposed sale of its 95.5% controlling stake in the Kipa business in Turkey to Migros. The disposal, which is subject to usual local regulatory approvals, will result in estimated cash proceeds of around £30m, contributing to a reduction of around £110m in total indebtedness. […]

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Tesco redirects millions of surplus food to charity with Community Food Connection with FareShare FoodCloud rollout

CHESHUNT, England, 2016-Mar-14 — /EPR Retail News/ — Tesco announces nationwide rollout of Community Food Connection with FareShare FoodCloud, which will redirect millions of meals of Tesco surplus food to charity by end of 2017. Tesco CEO Dave Lewis has today announced the nationwide rollout of an initiative designed to dramatically reduce the amount of food […]

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Tesco CEO Dave Lewis at CBI Conference – speech

CHESHUNT, England, 2015-11-12 — /EPR Retail News/ — Before I begin, I would like to pay tribute to John Cridland for his 33 years of service to the CBI. Given that the CBI is celebrating its 50th birthday this year that means that John has been contributing to the organisation for nearly 70% of its entire […]

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Tesco to sell 14 Spenhill development sites across London, the South East and Bath to Meyer Bergman advised fund and clients

CHESHUNT, England, 2015-10-16 — /EPR Retail News/ — Tesco has agreed the sale of fourteen Spenhill development sites across London, the South East and Bath, to a fund and clients advised by Meyer Bergman. The transaction, worth £250m, is for sites suitable for mixed-use and residential development and marks further progress against Tesco’s strategic priority of […]

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Tesco to simplify business model for suppliers by standardising their payment terms

CHESHUNT, England, 2015-10-8 — /EPR Retail News/ —Tesco has pledged to deliver a simpler business model for suppliers, by standardising their payment terms. In a move which builds on progress already made to simplify and increase transparency across its business, Tesco aims to improve innovation for shoppers by encouraging collaboration between the retailer and its supply […]

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Tesco begins new program to give unsold food to charities and not to waste

Brand new scheme called FareShare FoodCloud to be piloted in Tesco stores to give unsold food to charities and not to waste New figures reveal 55,400 tonnes of food wasted within Tesco operations in the last year, around 30,000 tonnes of which could otherwise have been eaten Cheshunt, England, 2015-6-8 — /EPR Retail News/ — A groundbreaking […]

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Tesco regains sole ownership of 21 superstores in a transaction with British Land

Cheshunt, England, 2015-3-23 — /EPR Retail News/ — Tesco has regained sole ownership of 21 superstores in a transaction with British Land.  The agreement comes as Tesco continues to strengthen its core UK business. The 21 superstores and associated debt were part of a joint venture between Tesco and British Land and were all subject to […]

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Tesco releases its trading update

Cheshunt, England, 2014-12-9 — /EPR Retail News/ — In recent weeks we have implemented new policies and procedures which will govern our commercial income activities and taken actions to invest in and improve our customer offer. In our interim results on 23 October we highlighted that full year profitability would be impacted by actions we […]

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