Tesco warns global suppliers over price rises

Tesco warns global suppliers over price rises
 

Tesco chief executive Dave Lewis has warned global suppliers not to artificially inflate their prices because of the fall in the pound.
It is his first public comments since supplier Unilever tried to raise the cost of popular items such as Marmite due to a weaker currency.
The UK's biggest retailer briefly halted online sales of Unilever's goods.
Mr Lewis said price rises needed to be "justified".
He agreed there were inflationary pressures, but he said multi-national companies should not increase prices just to reassure investors.
Currency volatility Mr Lewis pointed out that... read more

 
18 November 2016 in Business, Views: 48
Source: BBC
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