Former Tesco Chief Leahy Invests in Nicotine Startup, FT Reports

Former Tesco Plc (TSCO) Chief Executive Officer Terry Leahy has invested in Kind Consumer, a medical devices group that develops non-tobacco nicotine delivery systems, which will announce a commercial partnership with British American Tobacco Plc (BATS)’s Nicoventures today, the FT reported without saying where it got the information. Leahy also bought a 3 percent stake in Internet retailer The Hut Group, which owns websites and plans a London Stock Exchange listing, the FT said.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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