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Can Asda veteran Allan Leighton return the supermarket to its former glory?

Retail Gazette

Leighton helmed Asda from 1996 to 2001 and is credited with turning around the struggling chain, alongside current M&S chair Archie Norman – pulling the grocer from the brink of insolvency to orchestrating its bumper £6.7bn sale to Walmart in 1999. He is currently chair of Brewdog, Pizza Express and European fashion chain C&A.

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Former Asda CEO Allan Leighton returns as chair to lead recovery effort

Retail Gazette

He served as chair since 2021, and took day-to-day responsibility for leading the grocer alongside Rob Hattrell, an executive at TDR, the private equity firm that owns a majority stake in the supermarket chain, after co-owner Mohsin Issa stepped down. Leighton, was Asda CEO from 1996 to 2001 and chaired the Co-op for almost a decade.

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Best of 2023: Is private equity ownership slowly killing retail?

Retail Gazette

GMB national officer Nadine Houghton argues the grocer is being used by its owners as a “cash cow” and warns that rising interest rates will leave the retailer’s debt level “unsustainable”. The private equity-owned grocer is not alone in its quest to manage debt.

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Who could replace Sharon White as the next John Lewis Partnership chair?

Retail Gazette

Potts, who stepped away from the grocer last month after nine years, brings a wealth of retail and grocery experience – something that’s desperately needed on the Partnership’s current board and which White has been criticised as lacking. Sound familiar? Davies is known to foster a great culture wherever he has gone.

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6 of the Best Ways to Retain Customers in Retail

Indigo 9 Digital

That’s why you still shop at the mom and pop grocer across the street from your home. If you return an item before you even have think about it you receive an email saying your refund has been processed. But in the early 2000s that started to change with the launch of the iPod in 2001. What does it mean to be consistent?