Builds on health commitments for Tesco’s UK & ROI business, announced in March[1]
Tesco today announces a further extension of its ambitious health strategy, with commitments to help customers in Central Europe eat more healthily, and to further improve access to healthy alternatives for Booker’s business customers.
In March, we set out the latest step in our efforts to make our stores the easiest place for customers to shop for affordable, healthy, sustainable food. These commitments cover Tesco’s UK & ROI business, as our largest market and where our health work is currently most advanced.
Our UK & ROI health ambitions include commitments to increase sales of healthy products as a proportion of total sales (including both own brand and branded sales, and across our large and convenience stores, and online); to increase sales of plant-based meat alternatives, and to make products healthier through reformulation.
Take it to the Banksy: Art world s revered prankster and provocateur leads Heritage Auctions event
Banksy (b. 1974), NOLA (White Rain), 2008. Screenprint in colors on Arches paper, 29-3/4 x 21-1/2 inches. Sold for: $162,500.
DALLAS, TX
.-Heritage Auctions latest Prints & Multiples Signature Auction, held Thursday, fetched $1.9 million. That nearly doubled the pre-auction estimate for the 81-lot event, due in large part to the overwhelming interest in works by Banksy, Pablo Picasso, Andy Warhol, KAWS and David Hockney, among others.
More than 500 bidders from around the globe participated in the auction, which was close to a complete sell-out. This was a blockbuster event filled with a who s-who of blue-chip artists, says Taylor Curry, the New York-based consignment director in Heritage s Modern & Contemporary Art category. So it s absolutely no surprise that we saw collectors respond accordingly.
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As revolts go, the shareholder uprising against Tesco’s record in fighting obesity was quick and painless.
Within a month of being called out by a group of rebel shareholders for its alleged lack of progress and transparency in making products healthier, the UK’s biggest retailer announced a new commitment on reformulation that looks set to see thousands of products delisted over the next four years.
From branding it a laggard, shareholders behind the rebellion were left praising Tesco for its “world-leading commitment” on health.
So how significant are the new commitments, for Tesco, its suppliers, its rivals and for the shareholder activism movement?
Tesco to support healthy, sustainable diets
Tesco has set out new plans to help customers eat more healthily, and to make Tesco the easiest place for customers to shop for affordable, healthy, sustainable food.
The supermarket’s plans between now and 2025 will include a major new programme of reformulation to improve the health profile of products; changes to promotions and pricing to remove barriers to buying healthy food; and a further expansion of Tesco’s market-leading plant-based ranges, with new products that will make plant protein even more accessible to families.
Progress against these plans will be reported publicly, underpinned by new targets to increase the proportion of sales of healthy food, and to make products healthier.