- Title:
Tesco and Carrefour agree not to extend alliance - Time:
07:30:05 - Date:
7 Jun 2021 - Category:
Acquisitions and alliances - ID:
9482A
7 June 2021
Tesco PLC
TESCO AND CARREFOUR AGREE NOT TO EXTEND ALLIANCE
Tesco and Carrefour have today confirmed that they have decided not to extend their Purchasing Alliance beyond the three-year operational framework agreed in 2018, and the Alliance will formally end on 31 December 2021.
Over the last three years, Tesco and Carrefour have benefited from a number of joint buying opportunities across food and general merchandise categories, enabling access to new suppliers, new sources and new products. Moving forward, both companies have agreed that they will continue this work independently and focus on their own opportunities, building on the experience and the progress made during the Alliance period.
Tesco contacts:
| Investor relations |
Chris Griffith |
+44 (0) 1707 940 900 |
| Media |
Christine Heffernan |
+44 (0) 330 678 0639 |
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| Carrefour contacts:
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| Investor Relations |
Sébastien Valentin, Anthony Guglielmo and Antoine Parison |
+33 (0)1 64 50 79 81 |
| Shareholder Relations |
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0 805 902 902 (toll-free in France) |
| Group Communication |
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+33 (0)1 58 47 88 80 |
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Tesco PLC's LEI number is: 2138002P5RNKC5W2JZ46
Tesco and Carrefour agree not to extend alliance 07:30:057 Jun 2021Acquisitions and alliances9482A