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How it all started going wrong for Tesco

Retailer's £250 million-sized hole in H1 profits has led to a massive drop in market value and suspension of 4 senior executives

MR CLARKE: During his 2011-2014 CEO tenure, he repeatedly clashed with directors, who found him reluctant to take advice, say sources.


"THINGS are always unnoticed, until they're noticed," Tesco chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a £250 million (S$512 million)-sized hole in its first half profits.

It was an oversight that led to a £4 billion drop in