He has been the Sir Alex Ferguson of British retailing — the man who turned a sleeping giant into a winner, the most feared and sometimes the most hated competitor in its field.
Sir Terry Leahy is so undeniably Tesco that he is referred to as “Terry Tesco” in the grocery industry.
While his rival Justin King at Sainsbury’s rated Sir Terry’s departure “the end of an era in supermarket retailing”, Sir Philip Green, the boss of Arcadia, was more complimentary, saying: “He’s built a world-class business and he’s built a great management team.”
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