Boris creates the right mood music for firms, says former Tesco boss

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Sir Terry Leahy generally tries to steer clear of the limelight.

But like all dyed-in-the-wool retailers, he is prepared to put himself out there when there is a product to sell.

The former Tesco boss has spent the past decade carving out a career in private equity and venture capital, looking for the next big investment opportunity.

And at the age of 63, it is clear that Leahy’s enthusiasm for business is undimmed.

Upbeat: Former Tesco boss Sir Terry Leahy has spent the past decade carving out a career in private equity and venture capital, looking for the next big investment opportunity

Upbeat: Former Tesco boss Sir Terry Leahy has spent the past decade carving out a career in private equity and venture capital, looking for the next big investment opportunity

He said: ‘I am full time but it’s not as intense as running Tesco – that’s an all-in job.

‘It’s more like being a grandparent than a parent. But I like business. It’s a great game and it keeps you fully engaged.

‘It’s how do you acquire customers. How do you engage them and how to you serve them. How do you compete with others who are trying to take your customers away. It’s fascinating.’ 

Leahy’s competitors in this case are big tobacco companies, and more specifically their vaping divisions.

I meet Sir Terry in the plush offices of private equity firm Clayton, Dubilier & Rice, tucked away…



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