New stores policy: Is Tesco on the horizon?

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Senator Cohen wanted to make the point that he had no financial interest in Tesco, which was founded by a Cohen family, when he spoke at a Council of Ministers press conference on future retail strategy this morning.

He said: ‘For the record, I have no interests in Tesco.’ Asked if he had any shares in the public company, he replied: ‘No.’ Meanwhile, Chief Minister Frank Walker said he would be ‘surprised and disappointed’ if the identity of a new supermarket operator was not announced within a year and he would also expect the site for a new store to be made public knowledge.

The Council of Ministers yesterday agreed a new retail industry policy, part of which was a pledge that 90% of any new jobs could be filled only by people who had lived in Jersey for at least five years.

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