Tesco, Carrefour Confirm Long-Term Strategic Alliance
August 06 2018 - 2:43AM
Dow Jones News
By Maryam Cockar
Tesco PLC (TSCO.LN) and Carrefour SA (CA.FR) confirmed on Monday
that they have formally entered into a long-term strategic alliance
in order use their buying power with suppliers to cut prices.
In July the companies said that their alliance will cover
relationships with global suppliers, the joint purchasing of
own-brand products and goods not for resale.
The supermarket chains said they expect that their partnership,
which will be governed by a three-year operational framework, will
become operational in October.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
August 06, 2018 02:28 ET (06:28 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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