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Investors help push Tesco to increase healthy food sales

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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Tesco extends ambitious new health commitments to Central Europe and Booker – International Supermarket News

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. ....

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