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Latest News

Tesco expands offering by buying up independent chain

by Personnel Today 31 Oct 2002
by Personnel Today 31 Oct 2002

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

Tesco
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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