SHARE

Tesco Gets A Boost From Buffett

One of the world’s most successful investors, Warren Buffett, has acquired approximately £480m of shares in the global supermarket chain. The purchase takes his stake in the company from 3.21% to 5.08%. After Christmas, chief executive Phil Clarke announced that Tesco needed to spend “hundreds of millions” of pounds on improving customer service, supermarket outlets and product quality.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.