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.

The decision to appoint Murphy comes in the wake of John Allan's resignation amidst allegations of inappropriate behaviour.

Allan, who had chaired Tesco for eight years, stepped down following reports that he had allegedly touched a senior staff member inappropriately at the company's AGM in June 2022.