Tesco aims to cut prices in buying tie-up with French giant Carrefour
The UK’s biggest retailer Tesco revealed plans for a buying alliance with its even-larger French counterpart Carrefour as the two supermarket chains battle against tough competition in the sector.
The duo said that working together to buy branded and own-brand products, as well as other supplies such as trollies and shop fittings, would allow them to lower prices as well as improving the quality and range of goods available.
The planned deal, expected to be formally ironed out in the next two months, follows a similar arrangement between French chains Casino, Auchan and Schieve, and Germany’s Metro, which emerged on Friday.
