I think we saw the best examples of Tesco when the BBC's Panorama programme was aired last month regards the way they treat suppliers, not only did they go for the multinationals Like L'Oreal but they served to bankrupt the small suppliers also like the guy who made the kids toys, asking him to walk away from the £42,000 Tesco owed him was scandalous, to go to court just to get your money from Tesco smacks of corruption and I'm pleased the serious fraud office and the FCA are investigating. The jury is out on the GCA as they don't have the powers to impose large fines as yet, so Vince Cable needs to get his finger out, Christine Tacon has been in the job for 18 months now and lacks the power to punish, another shameless situation.
Cable & Co. are looking to bury the cock up he made with Royal Mail & pretend he has a proper Job. We now have a New Concept, Goodness, whiter-than-white behavior from both Retailers & Suppliers. It will work about as well as it did in Animal Farm. As I have said, the only way to avoid the Octopus grasp of the GCA remit, is to do what Tesco have had to do ALREADY - Tear up every supplier 'deal', start again from scratch, retrain all the staff who negotiate with Suppliers, at considerable cost in Time & Money. No way our Rivals can avoid doing the same, IMO.
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