- Tesco Plc's CEO Dave Lewis announced some major twists for the company that's seen its share of difficulties, including the shuttering of 43 stores.
- Tesco's headquarters will no longer be at Cheshunt, a location it has retained for more than 40 years.
- Additionally, Tesco revealed Matt Davies of Halfords Group Plc will take the reins as Tesco's new UK CEO.
The details of Tesco's change-ups are finally here. These changes can't come as too much of a surprise, though Eurofruit referred to Davies' appointment as "unexpected." As we've noted before, if Tesco wants to make some kind of comeback, it isn't necessarily going to be easy.