Greedflation | Burberry boss swoops in to save embattled Tesco

In a move aimed at steering Tesco back on track, Britain's largest grocer has enlisted the expertise of Gerry Murphy, a seasoned City veteran, to take over as Chair.

Murphy, currently serving as Chairman of luxury fashion retailer Burberry and sugar company Tate & Lyle, will assume his new role at Tesco on 1 September, while relinquishing his position at Tate & Lyle simultaneously.