×
90 801
Fashion Jobs
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
AESOP
Part Time Retail Consultant | Seaport
Permanent · Boston
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
PAUL SMITH
Sales Supervisor- Wooster Street
Permanent · NEW YORK
URBN
Urbn Urban Outfitters Inc. Inventory Control/Quality Audit
Permanent · RENO
H&M
Senior Director, Sales Component Engineering
Permanent · ATLANTA
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
PRIMARK
Visual Merchandising Manager- Downtown Crossing
Permanent · BOSTON
PRIMARK
Visual Merchandising Manager-Concord Mills
Permanent · CONCORD
PRIMARK
Visual Merchandising Manager - Crossgates
Permanent · ALBANY
PRIMARK
Visual Merchandise Manager- Jersey Gardens
Permanent · ELIZABETH
PRIMARK
Visual Merchandise Manager- Green Acres
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager- Walden
Permanent · BUFFALO
PRIMARK
Visual Merchandise Manager- Woodfield Mall- New Store
Permanent · SCHAUMBURG
SACKS
Vendor Compliance Analyst
Permanent · WILKES-BARRE
SACK OFF 5TH
Asset Protection Investigator
Permanent · BOCA RATON
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
By
Reuters
Published
Oct 14, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tesco suspends three more employees in accounting probe

By
Reuters
Published
Oct 14, 2014

LONDON, United Kingdom - Britain's biggest retailer Tesco has removed another three employees from their jobs as it continues to probe a 250 million pounds profit overstatement.

The latest suspensions, announced on Tuesday, take the total number of suspended employees to eight.


The first Extra format store in Pitsea, Essex | Source: Tesco PLC



"We have asked three employees to step aside to facilitate the investigation into the potential overstatement of profits in UK food for the first half of the year," said a spokeswoman for the firm.

The identities of the three were not disclosed.

Tesco said it will provide an update on the investigation with its interim results on Oct. 23.

The overstatement, relating to payments from suppliers and first disclosed on Sept. 22, has knocked over 4 billion pounds off Tesco's stock market value.

The stock was down 1 percent at 178.7 pence at 12.14 GMT (1.14 p.m. BST).

People familiar with the situation have named the first five suspended executives as UK managing director Chris Bush, UK finance director Carl Rogberg, commercial director John Scouler food sourcing director Matt Simister and group commercial director Kevin Grace.

Tesco is also being investigated by the Financial Conduct Authority.

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail