Tesco acquires restaurant group Giraffe

RNS Number : 9007Z

Tesco PLC

13 March 2013

 

TESCO PLC

13 March 2013

Tesco acquires restaurant group Giraffe

Tesco has acquired 100% of Giraffe Restaurants, the award-winning family-friendly restaurant group. The purchase price is £48.6million.

The acquisition forms part of Tesco's strategy to develop the space in some of its larger stores. The group consists of 48 restaurants nationwide, including franchises at Heathrow and other UK airports, as well as in Dubai.

To read the accompanying blog, visit www.tescoplc.com/talkingshop 

For more information visit: www.tescoplc.com 

Enquiries:

Investor Relations                   Chris Griffith                01992 644 800

Media                                       Tom Hoskin                 01992 644 645

Nomura acted as financial advisor to Tesco on this transaction

 

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