Topic
Founded in 1919 as a market stall in the East End of London, Tesco is now a major UK-based retailer, employing more than 500,000 people with operations in 14 countries.
- The Telegraph newspaper reported that PM Rishi Sunak’s government is looking at plans to have retailers cap the prices of basic items such as bread and milk
- Britain has western Europe’s highest rate of inflation for food, with prices up more than 19 per cent over the past year, the worst such run since the 1970s
In a legal claim, some 130 migrant workers alleged they were made to work up to 99 hours a week on unlawful wages and in forced labour conditions at Tesco’s Mae Sot factory in 2017-2020.
Shops in Britain have shifted to protecting unlikely items like butter, cheese and washing detergent as grocery price inflation hit a record 14.7 per cent. Shoplifting incidents are up 18 per cent.
Hundreds of workers at Tesco’s stores and distribution centres in Malaysia and Thailand say they had their passports taken, suffered illegal pay cuts or worked gruelling hours, report finds.
Tesco latest foreign grocer to pull back from Asia as local rivals and e-commerce giants, such as Alibaba and JD.com, eat into sales.
CP Group secured funding to acquire Tesco’s businesses in Thailand and Malaysia, showcasing the resilience of bank liquidity in the Asian banking market even as new coronavirus batters Thai economy.
Having struggled to crack the Chinese market, Tesco established the Gain Land venture with China Resources Holdings in 2014
Inmates choose to take part and are paid for some of their work, Qingpu Prison director tells state media after a child in Britain reportedly found a message in a greeting card saying forced labour was used.
Spokesman for foreign ministry in Beijing insists story was ‘made up’ by Peter Humphrey, a Briton who spent 23 months in Chinese prisons.
The authorities say detainees are offered therapy and ‘cultural exchanges’ but a newspaper said a message in a Christmas card, apparently written by an inmate, said they were forced to work against their will.
British supermarket is investigating after newspaper report that six-year-old girl found message in card saying it was packed by Shanghai prisoners.
On eve of vote, leading retailers have written to the government announcing that no-deal Brexit could mean higher prices and empty shelves in the short-term.
"Things are always unnoticed, until they're noticed," Tesco chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a £250 million (HK$3.14 billion) sized hole in its first-half profit.
Tesco, Britain's largest retailer, reported a second consecutive decline in annual earnings after a slump in domestic sales and said it wrote down the value of assets in Europe amid deteriorating profitability.
Britain's biggest retailer, Tesco, is to install screens at its petrol stations that scan customers' faces so that advertising can be tailored to their age and gender.
Top British retailer Tesco will pay HK$4.33 billion to gain 20 per cent of a venture with China Resources Enterprise that will run supermarkets and other stores on the mainland and in Hong Kong.
Tesco, Britain's largest retailer, may join forces with state-backed China Resources Enterprise to bid for ParknShop. Frank Lai Ni-hium, the chief financial officer of China Resources, said the two companies were "in discussion" that might lead to a possible joint bid for the supermarket chain.
In remarks that could drag British retailers into a politically charged immigration debate ahead of a 2015 election, senior Labour lawmaker Chris Bryant was due to say in a speech yesterday that Tesco and Next deliberately excluded British people from jobs.
Tesco, Britain's largest grocery and general merchandise chain, has signed a memorandum of understanding to establish a joint venture with China Resources Enterprise in a bid to revive its fortunes in the world's most populous country.
British retailers are limiting purchases of baby milk powder to prevent customers from bulk-buying and exporting it to China for profit. Leading supermarket chains Tesco and Sainsbury’s say they have started advising customers to buy no more than two tins of milk powder in each transaction. The British Retail Consortium said on Wednesday other retailers are imposing similar limits to ensure there is enough stock for everyone wanting baby milk.
