Tesco Alledgedly Screwing Suppliers Again
The NFU are reporting supermarket giant Tesco allegedly demanding one-off cash payments and keener terms to help fund its price war with rival Asda and discount supermarkets Aldi and Lidl.
The report says Britain's biggest supermarket chain spent last week conducting tense negotiations and that during a 40 minute meeting, one supplier was handed a document with the new terms Tesco was suggesting to maintain its profits margins. The story claims that the supplier said he had been given a deadline of November 2 to agree to the new terms.
The move follows a national TV advertising campaign in which Tesco urged cash-strapped consumers to buy its cheaper own-brand products ahead of dearer branded goods.
The report says Britain's biggest supermarket chain spent last week conducting tense negotiations and that during a 40 minute meeting, one supplier was handed a document with the new terms Tesco was suggesting to maintain its profits margins. The story claims that the supplier said he had been given a deadline of November 2 to agree to the new terms.
The move follows a national TV advertising campaign in which Tesco urged cash-strapped consumers to buy its cheaper own-brand products ahead of dearer branded goods.