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Around the globe retail news

Former Tesco bosses face fraud charges Two former executives of Britain’s largest retailer, Tesco, have faced Southwark Crown Court in London, charged with manipulating stock prices through the overstatement of profit expectations by some £250 million ($464 million), Reuters reports. Christopher Bush, 52, who was managing director of Tesco UK, and John Scouler, 50, who was UK food commercial director, both deny charges of fraud by abuse of position and false accounting. Bush and Scouler