Tesco and Carrefour

[PhotoLady]

Could this put the thoughts on "Tesco in Cyprus" to bed?

https://www.bbc.co.uk/news/business-44679884

[Kili01]

Cyprus is after all a small market!

Dee

[PhotoLady]

Sorry, I couldn't get to post the actual article earlier today as I was working on my mobile phone at the time and it's not such a simple task to do.

So for those who are wondering what the hell this is about....

Tesco says it is planning a "strategic alliance" with French retail giant Carrefour, as the two try to use their joint buying power to cut costs and offer lower prices to customers.
The two plan a "strategic relationship" when dealing with global suppliers, and the tie-up will also mean sharing their own-brand products.
The move comes as retailers face an increasingly competitive environment.
Tesco is the UK's largest retailer while Carrefour is Europe's largest.
Last year, Tesco - which employs 440,000 people - reported profits of £1.3bn with sales of £57.5bn.
Carrefour operates 12,300 stores across more than 30 countries, employing about 375,000 people worldwide. Last year, it had sales of €88.2bn (£78bn).
The two have been talking for two years and, although no formal agreement has yet been signed, they said they were hoping to confirm a deal in the next two months.

Much more info in the entire article can be read via the link posted earlier.

If they're going to go into a joint "buy in" what's to stop them eventually sharing products?

[trevnhil]

But I don't think we have Carrefour in Cyprus now !!

[Dominic]

Yes, they went tits up in Cyprus, I think.

[Mike J]

Dominic, yours is certainly a far more colourful description of their fate than their own 'strategic withdrawal from non performing markets' !! But both mean the same !!

[galexinda]

Much prefer Sklavenitis to Carrefour and have noticed the fruit and vegetable area has better quality products.

[trevnhil]

Each time I go in I play.. find another customer upstairs.
Maybe I am just unlucky

[PhotoLady]

Wow! When did that happen?
Carrefour was still there when we left...
They're still going strong in Benidorm.

Oh well, looks like Tesco won't be going to Cyprus after all