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From the weekend: A shock announcement from Tesco, luxury and fashion brands continue to focus on expansion

From the weekend: A shock announcement from Tesco, luxury and fashion brands continue to focus on expansion

It was a relatively laid-back weekend for news until 7am this morning, when Tesco announced its chief executive Philip Clarke would be leaving in October, replaced by Unilever’s Dave Lewis. Clarke’s been under pressure for a long time to deliver the turn-around results we’re yet to see at Tesco, but his departure will still come as a surprise to many in the industry.

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