Suppliers to Carrefour might think if any of Tesco's attitude in dealing with suppliers rubs off on Carrefour – that's a positive thing.

Dave Lewis

Categorized in : Business

Now is the right time for me to pass on the baton; our turnaround is complete, we've delivered all the metrics we set for ourselves, the leadership team is very strong, our strategy is clear and it is delivering.

If you look at the CEO as being the best shopkeeper in the team, it's the wrong brief, he's got loads of retail experience, he's got loads of wholesale experience, he understands brands and he understands customers and he's super smart.

For a lot of branded manufacturers ... agility is not always there and so they are getting out innovated by a lot of small players.

I am very conscious that the consequences of these changes are significant for all stakeholders in our business but we are facing the reality of the situation, there is more to do but we have taken the first important steps in the right direction.

(We are) trying to take a more surgical approach to put things in that help the offer without destroying the Christmas operation.