“A wounded Tesco mounting a powerful counter attack.” From www.theretailbulletin.com
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- Telegraph
Lewis is an imaginative and ruthless operator who could shake up the supermarket industry. Paul Polman, chief executive of Unilever, has given his blessing to Lewis to take on the challenge at Tesco. “Dave is well-prepared, but it’s not an easy job,” he said. Shares in Tesco’s listed rivals Sainsbury’s and Morrisons dropped 3.5pc in the two days following the announcement. - Although Tesco issued a profit warning , which cautioned that trading conditions were tough, alongside news of Lewis’s arrival, investors in the other supermarkets are concerned about the prospect of a wounded Tesco mounting a powerful counter attack.