Tesco signs formal buying alliance with Carrefour
Tesco
296.60p
16:44 28/03/24
-0.54%
-1.60p
Tesco has signed on the dotted line to agree a long-term, strategic alliance with French supermarket peer Carrefour.
Food & Drug Retailers
3,914.51
17:14 28/03/24
0.39%
15.30
FTSE 100
7,952.62
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
Following the formal agreement, the FTSE 100 grocery giant said it expects the alliance will become operational in October with a three-year operational framework pencilled in.
The agreement will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale.