Terry Green, head of clothing for Tesco, has turned down an offer to join Marks & Spencer.

Reports earlier this week had suggested Green, who joined Tesco in October 2005, was set to accept the role of head of clothing at M&S.

Although reports yesterday suggested Green had accepted a package worth as much as £3m and a new role as head of non-food to stay at the retailer, this was denied by Tesco.