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 Beer and Food Festival Returns to Los Angeles

Tickets are on sale now for the the annual festival at Southern California's Rose Bowl.
Read More »

Animal Activist and Simpsons Co-Creator Dies

Passionate animal advocate, Sam Simon, passes away after giving away millions to animal organizations.
Read More »

Ringling Bros. to Eliminate Elephants from Circus

Citing growing public concern, elephants will no longer be part of the circus.
Read More »

Indian State Bans Consumption of Beef

In landmark legislation, the sale and consumption of beef has been banned in India's second largest state.
Read More »

Vegan Street Fair Comes to Los Angeles City Streets

Annual outdoor food festival takes over Hollywood streets.
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 »