×
144
Fashion Jobs
FOREO
Business Development Manager – Asia/SEA/Nea
Permanent · Hong Kong
SUPERDRY
Wholesale Business Analyst
Permanent · HONG KONG
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Manager - Marketing (Social Media & Influencer Marketing), Shiseido And Drunk Elephant
Permanent · Hong Kong
L'OREAL GROUP
Group Product Manager
Permanent · Hong Kong
LEVI'S
Manager - Global Logistics Operations
Permanent · Hong Kong
SHISEIDO
Senior Manager - Marketing, Shiseido And Drunk Elephant
Permanent · Hong Kong
PUMA
Specialist, IT Service Delivery
Permanent · Hong Kong
AESOP
Digital Project Manager, Asia
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Demand And Operations Planning, Ipsa
Permanent · Hong Kong
PUMA
Garment Technician
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
CANADA GOOSE
Senior Accountant
Permanent · CENTRAL
CANADA GOOSE
Assistant Manager, fp&a
Permanent · CENTRAL
LOVISA
Assistant Store Manager - Mira Place
Permanent · TSIM SHA TSUI
LOVISA
Part Time Sales Associate - Telford Plaza
Permanent · KOWLOON BAY
LOVISA
Full Time & Part Time Sales Associate - Mira Place
Permanent · TSIM SHA TSUI
H&M
Service Desk Agent
Permanent · HONG KONG
SHISEIDO
Travel Retail - Commercial Assistant, gc, Prestige
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Marketing (Influencer Marketing), Clé de Peau Beauté
Permanent · Hong Kong
EMMA WALLACE CO LTD
Senior Fashion Marketing Executive / Marketing Executive
Permanent · HONG KONG ISLAND
PUMA
Part-Time Sales Associate
Permanent · HONG KONG
By
Reuters
Published
Apr 16, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tesco investor calls for CEO to quit

By
Reuters
Published
Apr 16, 2014

London, UK - Tesco Plc's chief executive, Philip Clarke, who is struggling to turn around Britain's biggest retailer, is facing calls to step down from a top shareholder, the Financial Times reported on Tuesday.

Earlier this month Chief Financial Officer Laurie McIlwee quit the world's third-largest retailer after Wal-Mart Stores Inc and Carrefour.


The Financial Times did not disclose the identity of the top 20 investor calling for Clarke's resignation.

"Clarke has shown he is the wrong person for the job. He has got the strategy wrong," the investor was quoted as saying.

The FT reported that other top shareholders had told the paper that change at the helm of Tesco was inevitable.

A spokesman for Tesco declined to comment on the article.

Having dominated the British high street for years, the 95-year-old Tesco stunned the industry in 2012 when it issued its first profit warning in 20 years and has struggled since then.

In common with Britain's three other leading grocers - Wal-Mart's Asda, Sainsbury's and Morrisons - Tesco is losing market share as it is being squeezed between hard discounters Aldi and Lidl and upmarket grocers Waitrose and Marks & Spencer.

The retailer is almost two years into a turnaround programme under Clarke, but sales are still falling at its 3,150 British stores despite spending on refits, more staff and new product ranges.

It is expected to post another decline in profit when it publishes 2013-14 results on April 16.

© Thomson Reuters 2022 All rights reserved.