UK investigation finds Tesco 'deliberately delayed supplier payments to improve finances'

Tesco in the UK repeatedly and deliberately delayed payments to suppliers in a widespread practice designed to improve its financial position, an investigation has found.

Groceries Code Adjudicator (GCA) Christine Tacon said she was most shocked at the discovery of how widespread the supermarket giant’s actions were, saying that “practically every supplier I spoke to had evidence of delays in payments.”