Watchdog announces Tesco probe

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Published: Thursday 5th February 2015 by The News Editor

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An official investigation is to be launched into practices at supermarket giant Tesco, including any delays in payments to suppliers.

The Groceries Code Adjudicator, Christine Tacon, announced the move, saying she had formed a “reasonable suspicion” that the retailer has breached the Groceries Supply Code of Practice.

She said she took the decision after considering information submitted to her relating to practices associated with the profit over-statement announced by Tesco last September.

She has discussed the practices with Tesco and said she now needs more information from direct suppliers and others to determine what further action to take.

The role of the Adjudicator was set up in 2013 to regulate the relationship between the 10 largest retailers and their suppliers.

The investigation, the first to be held, is expected to take up to nine months and the Adjudicator has called for evidence to be submitted by 3 April.

Published: Thursday 5th February 2015 by The News Editor

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