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Ex-Tesco chief buys into Liverpool stage school LMA to bolster global expansion

Terry Leahy
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Former Tesco boss Terry Leahy has invested in Liverpool performing arts college LMA, as it announces plans to expand internationally.

Leahy, who was Tesco’s chief executive between 1997 and 2011 and is reportedly worth £70 million, has taken a 20% stake in the business to help develop LMA and promote the brand globally.

As part of this, LMA plans to open a London campus and develop five international outposts. Locations have not yet been announced.

LMA offers BA (hons) and BTec courses in acting, musical theatre, film and TV production, games art and animation and music performance.

It was founded in 2009 by brothers Richard and Simon Wallace, and is currently spread across two campuses in central Liverpool.

Leahy said: “I’m absolutely thrilled to be part of LMA. The success is a true testament to Richard and Simon’s dedication, their team’s passion and, of course, our students’ talents. I’m looking forward to working closely with the team to help take LMA into its next chapter.”

He joins LMA’s board alongside investment-firm founder Bill Currie.

LMA attracted national attention last year when a group of its students, the LMA Choir, reached the live show rounds of ITV talent contest The X Factor.

Co-founder and principal Richard Wallace said: “We have some major developments in the pipeline and their support will help drive these forward to allow us to inspire more future stars than ever before to achieve their dreams – from across Liverpool and beyond.”

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