Leahy urges emerging world to support chains

Financial Times March 28 2007. Story by Elizabeth Rigby

Sir Terry Leahy on Wednesday kicked off the inaugural World Retail Congress in Barcelona by calling on politicians in emerging economies to liberalise their markets more quickly, as he acknowledged that the rise of India and China were transforming the retail industry.

The chief executive of Tesco, the world's fifth-biggest grocer, insisted in a speech that globalisation was a "democratising force, because it puts more choices in the hands of the many" and called on governments to embrace global chains.

Full story at http://www.ft.com/indepth/wrc