Loblaws, Canada's biggest retailer and part of the Weston family empire, which also owns Selfridges and Fortnum & Mason, the British luxury retailers, has reported its first annual loss in almost two decades. The loss follows unrelenting pressure from Wal-Mart, the world's largest retailer.
A new senior management team, including Allan Leighton, the former Asda boss and chairman of the Royal Mail, has initiated a radical turnaround plan that has resulted in store closures, hundreds of job cuts and a lowering of prices.
This guy has same format for every company he touches, get rid of workers, close biuldings, get a big fat pay deal and bonus and then f**k off, ide love this twat to loose everything have to come and work as a postman and look at management bullying and intimidation from our view and the difference of what we earn and the life changing ammounts of money people at the top of RM are on, it f***ing stinks.