Clarke's goal as CEO of Tesco is to take back Britain

02/24/2011 | Bloomberg

Philip Clarke has been working to expand Tesco's global presence for seven years, and next week, he succeeds Terry Leahy as CEO of the retail giant. He said his focus will shift to Britain. "The UK business is the big struggle," said William Hobbs of Barclays Wealth in London. "We'd really like them to use the UK as an ongoing cash cow, to increase returns and not lose any more ground there."

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