Co-op to be investigated over its treatment of suppliers

Co-op to be investigated over its treatment of suppliers
 

The Co-op is facing an investigation by the grocery industry watchdog into the treatment of suppliers by its supermarket chain, which could lead to a multimillion-pound fine.
The second formal investigation to date by the Groceries Code Adjudicator will be the first in which it can levy penalties of up to 1% of turnover.
The adjudicator, Christine Tacon, said she had “reasonable suspicion” the Co-op had breached a legally binding industry code of practice, overseen by the GCA, designed to ensure suppliers are treated fairly.
In a statement, the Co-Op apologised and admitted it had “fallen... read more

 
8 March 2018 in Business, Views: 42
Source: Guardian
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30