Tesco’s Dave Lewis in video interview addresses management shake up speculation September 5, 2014 Seven days into his tenure at Tesco, “Drastic Dave” Lewis has revealed how his “rollercoaster” first week in the new job went in a video posted on the supermarket’s YouTube channel. The former Unilever executive who replaced Philip Clarke said he won't shy away from making a call on management changes but would not make [...]
Diamond Dave Lewis surprises Tesco staff with rare appearance at Birmingham conference September 2, 2014 Twitter was abuzz yesterday with hashtags like #inspired and #TheFutureLooksGreat after the new boss of Tesco paid a surprise visit to a leadership conference in Birmingham. Retail newbie Dave Lewis, who has jumped in to save Tesco, made news headlines after he wrote to his 500,000 employees asking them to email him with ideas [...]
Dave Lewis in plea to staff: Tell me how to fix Tesco September 1, 2014 New Tesco boss Dave Lewis parachuted into the supermarket giant yesterday by urging his half a million staff to email suggestions to help fix the troubled retailer. Marking his first day in charge, Lewis – who stepped up to take the reins from departing boss Phil Clarke a month earlier than planned – penned a [...]
Three charts showing the challenges facing new Tesco boss Dave Lewis September 1, 2014 New Tesco chief executive Dave Lewis starts his job today, a month earlier than originally anticipated. The supermarket is clearly desperate: on Friday it issued a profit warning saying it expected full-year profits to hit £2.4bn, rather than the £2.8bn expected. The company has been battling against the increasing might of discounters Aldi and Lidl, [...]
Dave Lewis begins first day as Tesco boss August 31, 2014 Former Unilever executive Dave Lewis has taken up his role today as chief executive of Tesco – a month earlier than planned – after the troubled food retailer issued its second profit warning in six weeks on Friday. Tesco slashed its interim dividend by 75 per cent and said it would cut its capital expenditure [...]
Carve Tesco into three, says former director August 26, 2014 A former Tesco executive has called for the business to be radically restructured by its incoming boss, creating three separate entities. Bruno Monteyne, an analyst at Bernstein Research and previously Tesco.com's development director, has argued that carving the supermarket up could be the only way to halt its decline. He suggests dividing it [...]
Student attempting to break cycling World Record, fight cancer and woo employers August 3, 2014 Word has it students have to go that extra mile in order to make themselves stand out from the crowd to employers these days. And one Loughborough university student is taking that to the extreme – cycling 3,868 extra miles. James Bowtell is currently attempting to break the Guinness World Record for cycling across [...]
What does The Engine Group do? July 30, 2014 ■ Nestled in offices behind Oxford Circus, the Engine Group describes itself as an integrated marketing communications group, which owns ad agency WCRS, PR group MHP Communications, digital shop Jam and direct marketing specialist partners Andrews Aldridge, among others. ■ Engine’s UK chief executive, Debbie Klein, stressed that the group would retain its independence after [...]
Payback time but Bank of England’s bonus clawbacks are rife with pitfalls July 30, 2014 Quite literally, yesterday it was payback time for Britain’s banking industry. Regulators’ demands that lenders must force staff to hand back bonuses awarded as long as seven years earlier delivers a belated sense of justice for those clamouring for more robust post-crisis retribution. The Bank of England’s timing could hardly have been better, coming [...]
Shapland is named Poundland chair in retail merry-go-round July 29, 2014 Poundland yesterday named Darren Shapland as its new chairman after losing its current boss to the troubled supermarket Morrisons in the latest round of retail musical chairs. Shapland joined the bargain chain’s board as a senior independent director ahead of its £750m float in March after a brief stint as chief executive of the flooring [...]