Martin Vander Weyer Martin Vander Weyer

Why the wheel of fortune is turning in Tesco’s favour again

issue 06 July 2019

How surprising to read one former Tesco chief, 82-year-old Lord MacLaurin, badmouthing another, Sir Terry Leahy. The surprise is because both were titans of their trade and Leahy has always been seen as Ian MacLaurin’s protégé: it was MacLaurin who took Tesco to the top of the UK supermarket league in the mid-1990s, then Leahy who quadrupled its sales, profits and share price between 1997 and 2011 to make it the monster we know.

GIF Image

Disagree with half of it, enjoy reading all of it

TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.

Comments

Join the debate, free for a month

Be part of the conversation with other Spectator readers by getting your first month free.

Already a subscriber? Log in