Andrea Felsted, Columnist

Tesco's Equal Pay Bill Won't Be 4 Billion Pounds

It's a very long road from a grabby headline to an actual settlement.

February 7, 2018 at 10:18 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

1517999229_GettyImages-499556570 — Photographer: Chris Ratcliffe

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Tesco Plc CEO Dave Lewis has got 99 problems, but shelling out 4 billion pounds ($5.6 billion) shouldn't be one of them.

The shares fell as much as 2.4 percent after law firm Leigh Day said it was bringing an equal-pay case on behalf of the company's female staff, where the total payout could reach that lofty amount. In a rising market, it looks like investors taking fright.