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Manuscript to the conference in London Good afternoon, ladies and gentlemen. It’s a great pleasure for me to be here today and I’m happy that I’m going to speak at this conference. I’m Terry Leahy I’m CEO for Tesco and I would never spend £10 on a loaf of Poilane bread. I’m going to speak for about 45 minutes, and then we can spend the remaining time on any questions you may have. First, I’ll present about the development of retailing. Second, I’ll explain what it takes to run a retail outlet today. Third, I’ll give you some example of
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