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Tesco and Carrefour

Posted: Mon Jul 02, 2018 11:09 am
by PhotoLady
Could this put the thoughts on "Tesco in Cyprus" to bed?

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

Re: Tesco and Carrefour

Posted: Mon Jul 02, 2018 12:55 pm
by Kili01
Cyprus is after all a small market!

Dee

Re: Tesco and Carrefour

Posted: Mon Jul 02, 2018 11:14 pm
by 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?

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 7:19 am
by trevnhil
But I don't think we have Carrefour in Cyprus now !!

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 7:54 am
by Dominic
Yes, they went tits up in Cyprus, I think.

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 8:50 am
by 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 !!

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 9:12 am
by galexinda
Much prefer Sklavenitis to Carrefour and have noticed the fruit and vegetable area has better quality products.

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 10:07 am
by trevnhil
Each time I go in I play.. find another customer upstairs. :-)
Maybe I am just unlucky

Re: Tesco and Carrefour

Posted: Tue Jul 03, 2018 10:12 am
by 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 ;-)