Tesco – corporate joy missing on the wine shelves

I suspect that the weekly trading meetings, held every Monday morning at Tesco’s headquarters in Cheshunt, are much happier affairs than they were a few years ago. Back then, Tesco was haemorrhaging market share in the UK and this, combined with the revelation of dubious approaches to financial accounting in 2014, was threatening to derail the business. As Tesco tried to recover from these blows, the announcement of a planned merger between the second and third largest grocery retailers (Sainsbury and...