B&M Retail Ltd. hired four banks to raise 585 million pounds ($948 million) of leveraged loans to back its buyout by U.S. private-equity firm Clayton, Dubilier & Rice LLC, according to a person with knowledge of the deal.
In more than a decade as chief executive officer of Tesco Plc, Terry Leahy prided himself on the creation of an international business that grew to become a third of sales. His successor is starting to dismantle it.
Tesco Plc, the U.K.’s largest grocery company, said it will likely leave the U.S. after announcing a review of its Fresh & Easy unit in the country and the departure of the unprofitable business’s head.
Tesco Plc, the largest U.K. retailer, said Chief Executive Officer Terry Leahy will step down in March after 14 years in the position. Phil Clarke , the head of the company’s operations in Asia and Europe, will succeed him.
Tesco Plc Chief Executive Officer Terry Leahy marked his last announcement of the U.K. retailer’s results by reporting profit that beat estimates and forecasting an earlier end to U.S. losses than some had anticipated.
Tesco Plc Chief Executive Officer Terry Leahy , who said yesterday he will step down next year, came to dominate the U.K. retail market. He’s leaving the rest of the world and a crowded domestic industry to his successor.
Former Tesco Plc Chief Executive Officer Terry Leahy has invested in Kind Consumer, a medical devices group that develops non-tobacco nicotine delivery systems, which will announce a commercial partnership with British American Tobacco Plc’s Nicoventures today, the FT reported without saying where it got the information. Leahy also bought a 3 percent stake in Internet retailer The Hut Group, which owns websites and plans a London Stock Exchange listing, the FT said.