Investors help push Tesco to increase healthy food sales
May 11 , 2021
A group of investors who had pressured Tesco to provide higher sales of healthy food got their wish this week as the UK retailer announced plans to improve nutritious options in its stores.
Tesco, which had committed to lifting sales of healthy products to 65% at UK stores, promised to carry the commitment to its Booker and Central European businesses, which led to Share Action’s 100-plus investors effectively dropping a proposed resolution at its annual general meeting, according to a Financial Times report.
“Investors are increasingly recognizing the importance of people’s health, including the role that supermarkets play in shaping our diets,” Simon Rawson, Director of Corporate Engagement at ShareAction, said.
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