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TescoGate latest: Suppliers reel from Jago suspension

Published:  15 October, 2014

Tesco wine suppliers are reeling and calling for steps to be taken to bring confidence back to the supply base following the news that global BWS director Dan Jago has been suspended.

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Tesco's Dan Jago suspended as investigation into £250m profit overstatement continues

Published:  14 October, 2014

Dan Jago, Tesco's global head of wine, beer and spirits, has been suspended along with two other directors as the investigation into the £250 million accounting blackhole at the retailer continues.

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Dan Jago proves that customers really do come first

Published:  09 October, 2014

For all those skeptics out there who don't think retailers engage with their customers, we've got heartening news. They do. Pat on the back goes to Tesco drinks supremo Dan Jago for the following Twitter exchange.

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Smaller format bag-in-box wines lead revival in category

Published:  09 October, 2014

Bag-in-box is due a revival, with smaller formats leading the way, according to figures from Nielsen which show the 2.25 litre box has grown 8.7% by volume in the past year.

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Consumers will expect robots and 3D printing to be the norm hear grocery bosses

Published:  09 October, 2014

Today's disruptive technologies will be expected by consumers tomorrow, delegates at 2014 IGD Convention told.

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Harpers Special Report: multiple and supplier relations uncovered

Published:  08 October, 2014

Tesco has taken a bit of a battering in recent months, with profits slipping and then the little matter of the £250 million profit overstatement.  But although Tesco is in the spotlight, there are issues for all of the major retailers right now, as the discounters go from strength to strength and the Big Four's choke hold on the market weakens. Harpers.co.uk spoke to some of the wine trade's key suppliers and ex-buyers to find out their views.

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Wine suppliers can't complain about tough supermarket deals

Published:  08 October, 2014

A host of leading Tesco wine suppliers have said they are not surprised by the supermarket's £250 million accounting black hole - but say suppliers must "push back" harder against buyer demands.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  03 October, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

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Ex-Tesco wine technical head Andy Gale joins Concha y Toro

Published:  01 October, 2014

Concha y Toro UK has appointed Tesco's former technical manager for wine, Andy Gale, to head up its new business and technical development.

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Sainsbury's to switch to a mid-low pricing strategy as sales continue to fall

Published:  01 October, 2014

Sainsbury's is to start comparing and benchmarking its pricing levels against Asda rather than Tesco as it looks to switch to a new mid-low pricing strategy following a fall in sales for the third quarter in a row.

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Tesco moves five of Finest wine range to 1.5 litre bag-in-box

Published:  30 September, 2014

Tesco has moved five of its most popular bottled wines from its Finest range into 1.5 litre bag-in-box, after seeing growth in the format. 

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Tesco debt and credit ratings in question following accounting crisis

Published:  30 September, 2014

Tesco's senior unsecured long-term debt rating and its short-term credit rating was placed "on review for a downgrade" by credit rating agency Moody's Investor Service following the announcement that it had overstated its profits for the first six months by an estimated £250 million.

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Tesco fast tracks new finance chief to help with fall out from profit crisis

Published:  23 September, 2014

Tesco has pushed the start date forward of its new chief financial officer Alan Stewart to October 1 instead of December 1 after the fallout of yesterday's misstatement of profits.

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Tesco announces £250m overstatement of profits

Published:  22 September, 2014

Tesco overstated its profits for the first six months up to August 23, 2014 by an estimated £250 million, according to a statement released by the company this morning.

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Tesco expands Dan Jago's global wine role to include beer and spirits

Published:  11 September, 2014

Tesco's UK and group wine director Dan Jago is to increase his responsibilities with the addition of the beer and spirits portfolio.

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Global leaders head to London for Wine Vision 2014

Published:  05 September, 2014

 

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Tesco to launch 'wine words' tasting at upcoming Wine Fairs

Published:  01 September, 2014

Following the success of last week's 'wine word-cloud' tasting held on 27 August, which focused on 100 wines from its Finest range, Tesco announced it will roll out similar tastings at its upcoming Wine Fairs.

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Tesco's shares tumble after second profit warning

Published:  29 August, 2014

Tesco's stock tumbled 8.0% in early trading today as the company issued a second profit warning this year and announced it would be cutting its dividend by 75%.

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Tesco cuts prices on top wines ahead of Christmas rush

Published:  26 August, 2014

Tesco is cutting prices on a range of top wines as it starts clearing warehouse stock ahead of the Christmas rush.

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Tesco invites consumers to come up with wine descriptions

Published:  05 August, 2014

Tesco is inviting its consumers to join in a wine tasting to help come up with more customer friendly and impartial wine descriptors.

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