Muller launches into UK spreadable market with its first branded butter spread

UK - Muller UK and Ireland has entered the UK spreads market with the introduction of its first ever branded butter spread, launched exclusively in Tesco on 21 May. The launch of the Official Spreadable of British Athletics boosts its butter category including salted, unsalted and lactic butter which it supplies to both the domestic…

Tesco launches new range of smaller sized wine bottles to cut down portions

UK – Tesco, a British multinational grocery and general merchandise retailer, has launched a new range of smaller sized wine bottles in order to help shoppers control portions and cut down on waste. According to latest data (2017) from retail analysts Kantar and the British Beer and Pub Association, Brits alcohol consumption is in decline…

Tesco introduces a new range of cold-pressed juices to reduce juice and vegetable wastes

UK – Tesco, a British multinational grocery and general merchandise retailer has introduced a new range of cold-pressed juices, using wonky fruit and vegetables that may otherwise have gone to waste. According to the company, a product called Waste NOT, included in the range, will be surplus apples, beetroot, strawberries and watermelon that fall outside…

Tesco reports 28% rise in annual profits boosted by high sales

UK - Tesco, the British multinational grocery retailer has announced a 28% rise in annual profits to US$2.02 billion, boosted by high sales of up to US$70.98 billion in ninth consecutive quarter of growth. The supermarket’s sales grew 2.8% more than expected in the last three months of its financial year while it made a…

UK grocery Tesco completes US$5.5 billion takeover of Booker

UK - Tesco plc, the British multinational retailer in grocery has completed a US$5.5 billion takeover of Booker Group, UK’s largest food wholesale operator, offering branded and private-label goods. The acquisition which received court approval combines Tesco and Booker into a conglomerate that is set to explore Britain’s billion-dollar food market. Tesco proposed to acquire…

Tesco appoints Charles Wilson over the UK and Ireland business

UK - Tesco has appointed Charles Wilson to take over the retailer’s operations in the UK and Ireland business following an expected exit of the current boss Matt Davies in April 2018. The appointment comes after the UK’s Competition and Markets Authority approved Tesco’s acquisition of the wholesaler Booker at US$5.2 billion without a demand…