Monday October 26, 2020

Horsemeat saga hits Tesco in Britain

Tesco’s share price has dropped on the news, less than a week after it reported its strongest sales growth in about three years.

16th January, 2013
Tesco: barrage of negative publicity

Tesco's efforts to win back British shoppers were dealt a blow after the discovery of horse DNA in some beef products caused the retailer to remove them from stores and prompted a barrage of negative publicity.

The Daily Mail and Daily Mirror newspapers both ran front-page headlines on the story, contributing to a decline in Tesco’s share price less than a week after it reported its strongest sales growth in about three years. The affected...

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