Tesco Accelerates Some Supplier Payments in Bid to Restore Trust

  • CEO Lewis standardizes payment period for grocery suppliers
  • Tesco's smallest vendors to be paid quickest after changes

Is Tesco Cannibalizing Itself?

Tesco Plc plans to accelerate payments to some suppliers as Chief Executive Officer Dave Lewis seeks to restore the grocer’s battered reputation in the wake of an accounting scandal that called the company’s dealings with vendors into question.

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