Tesco has reportedly admitted that it is likely to have breached the industry’s code of practice in its dealings with its suppliers.

According to small print of its latest annual report discovered by the Telegraph, Tesco admits that it is likely to have breached the Groceries Supply Code of Practice (GSCOP) on a number of occasions. The newspaper quotes the company as saying: “Regrettably, we have concluded that there have been a number of instances of probable breaches of the Code which fall short of the high standards we expect to uphold in our dealings with our suppliers.”

The admission comes just three months after Groceries Code Adjudicator Christine Tacon announced that she had opened an investigation into Tesco’s treatment of suppliers, including allegations that it had delayed payments and demanded cash for preferential product positioning.

Read the full article on the Telegraph website