Tesco has named Colin Holmes as the new boss for T&S Stores following approval for its takeover from secretary of state for trade and industry Patricia Hewitt.

Holmes has moved from his role as operations director for superstores central to become CEO of the new operation, and will report to retail director David Potts.

Tesco intends to run the business as an independent subsidiary of Tesco plc and confirmed that it will continue to be called T&S Stores.

The company will continue to control the existing fascias, together with the Brownhills head office and distribution facilities. However Tesco has already indicated that it intends to convert 450 One Stop stores to the Tesco Express fascia.

At the time of conversion management of these stores will transfer to the Tesco Express team headed by Keith Macauley.

For further details and reaction related to the takeover see this week’s issue of The Grocer magazine.