How many corporate jets does Tesco need? Four is the answer apparently. Every little helps (sic) as is their motto no doubt.
The cost of these aircraft has actually risen in recent years and the expenditure on them was £8.9m last year.
In addition the company has established a new “corporate” office in the West End of London for meetings rather than have directors travel to Cheshunt (that’s just north of London for those who don’t know).
One has to ask whether they have lost the plot so far as management of a retailing company is concerned, where a focus on controlling costs is always a paramount consideration. Also senior management have to set an example to all other staff in the company if costs are not to escalate. But this surely sets a bad precedent even if the company now has operations in far flung locations.