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As a result, Tesco's market capitalization dropped €360 million on Wednesday 16 January 2013. [70] Tesco, the Co-operative Group and Aldi also decided to cancel contracts with ABP Food Group because of the adulteration. [71] [72] [73] In a public letter later that day, 11 firms, including Tesco and Asda, said they shared shoppers' "anger and ...
Tesco has operated on the Internet since 1994 and started an online shopping service named 'Tesco Direct' in 1997. Concerned with poor web response times (in 1996, broadband was virtually unknown in the United Kingdom), Tesco offered a CDROM-based off-line ordering program which would connect only to download stock lists and send orders.
The Phoebus cartel was an international cartel that controlled the manufacture and sale of incandescent light bulbs in much of Europe and North America between 1925 and 1939. . The cartel took over market territories and lowered the useful life of such bulbs, which is commonly cited as an example of planned obsolescen
Terry Leahy: CEO, Tesco; Gerald Levin: former CEO of AOL Time Warner; Edward J. Lewis: former chairman of the board of the Oxford Development Company, one of the largest Pennsylvania-based real estate firms; George Lindemann: billionaire industrialist