Tesco expands offering by buying up independent chain

Supermarket
giant Tesco has further cemented its dominance of the sector by buying a
leading independent retail chain.

Tesco
has bought T&S Stores, the UK’s second largest independent chain, for
around £377m.

The
deal covers some 850 convenience stores, but Tesco said more than half will be
converted to its Express format.

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Tesco
already has an 18 per cent market share of food retailing market and hopes the
move into the convenience store sector will give it more of a local presence.

By Ross Wigham