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More about retail in the Sunday papers roundup – Tesco, Dave Lewis, Morrisons, Monarch Airline, Home Retail Group, Americana, Comet, Debenhams, Mothercare, Orchid Pubs

by on July 27, 2014 in Latest News, Lead Article, Retail, Retail News

“A wounded Tesco mounting a powerful counter attack.”  From www.theretailbulletin.com

  • Dave Lewis: a new star for planet Tesco,
  • Middle East takeaway giant Americana tempts buyers,
  • The fallout after Comet crashed to earth,
  • Debenhams poaches finance chief from Mothercare.
  • Orchid pubs chief to step down,
  • Retail veterans on shortlist to become new Morrisons chairman,
  • Monarch airline seeks new backers,
  • Stores giant Home Retail Group considering plan to spin off Homebase,
  • ‘A £20m pay-off? No, we won’t give Clarke a penny more than we have to’: Tesco chairman vows not to reward ousted boss for failure.
  • Telegraph
    Lewis is an imaginative and ruthless operator who could shake up the supermarket industry. Paul Polman, chief executive of Unilever, has given his blessing to Lewis to take on the challenge at Tesco. “Dave is well-prepared, but it’s not an easy job,” he said. Shares in Tesco’s listed rivals Sainsbury’s and Morrisons dropped 3.5pc in the two days following the announcement.
  • Although Tesco issued a profit warning , which cautioned that trading conditions were tough, alongside news of Lewis’s arrival, investors in the other supermarkets are concerned about the prospect of a wounded Tesco mounting a powerful counter attack.

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