Tesco May Have Former Aldi Exec Working On Discount Retail Concept
The UK retail sector has been rocked by rumours that Tesco could be working on a new discount retail concept that would 'match or beat the German discounters' on price.
Now, more details have emerged about this potential development.
The Times reports that the new move is being led by former Aldi executive Lawrence Harvey, who worked at the German discount giant for over eight years, and now has 'dozens of people helping him to draw up a workable concept' for Tesco.
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