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From The MNB Archives
Sunday, June 17, 2012
MNB's Tales of Tesco
• The Financial Times reports that "the Change to Win Investment Group, which works with pension plans that serve the interests of the members of five US unions, is calling for Tesco to establish a committee of non-executive directors to review the future of Fresh & Easy, a move that could lead to its exit from the US.
Just another angle on trying to give the unions a way into Fresh & Easy. It won't work. Because not having union labor is totally irrelevant to whatever Fresh & Easy's competitive issues are.