VegNews Daily

Horsemeat Scandal Causes Tesco’s Sales to Suffer

The major supermarket chain has faced marketplace trepidation internationally and domestically due to the recent horsemeat debacle.

Since equine DNA was discovered in the meat being sold throughout the United Kingdom, as the beef industry as a whole has suffered declining sales. Philip Clarke—the Chief Executive Officer of the major European retailer Tesco supermarket, whose frozen products were found to contain traces of horsemeat—blames his company’s drop in sales on the scandal. According to The Huffington Post, Tesco sales have decreased 1 percent in the UK and 4.6 percent internationally. Other businesses involved in the equine scandal include Taco Bell, Ikea, Nestlé, Burger King and the Walmart-owned ASDA.

 Comments

Vegan Business Conference Kicks Off in Austin, TX

Aspiring vegan entrepreneurs flock to Austin for an action-packed business bootcamp.
Read More »

Acclaimed Los Angeles Vegan Restaurateur Passes Away

Molly Anderson of Los Angeles' award-winning Madeleine Bistro leaves behind a husband and four children.
Read More »

Chipotle’s Sofritas Now Available Throughout South

Last week, the Mexican food chain’s wildly successful vegan filling debuted in nine states.
Read More »

Breast Cancer Survivors: Go Plant-Based

A new study suggests that eating a plant-based diet is the best option for living cancer-free.
Read More »

New York City Bar Hosts Vegan Speaker Panel

Speaker series at bars throughout New York includes an evening on the vegan lifestyle.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »