Tesco and Carrefour Strategic Alliance Update

RNS Number : 8470W

Tesco PLC

06 August 2018

 

Tesco PLC ("Tesco")

LEI Number: 2138002P5RNKC5W2JZ46

6 August 2018

TESCO AND CARREFOUR SIGN LONG-TERM STRATEGIC ALLIANCE

Further to their announcements dated 2 July 2018, Tesco and Carrefour are pleased to confirm that they have formally entered into a long-term, strategic alliance.  

As previously described, the Alliance will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale.  It will be governed by a three-year operational framework.

Following the formal agreement announced today, we expect that the Alliance will become operational in October 2018.

Contacts

Tesco

Investor Relations:                               [phone]

Media:                                                  [phone]

Carrefour

Investor Relations:                              [phone]

Group Communications:                     [phone]

 

END

 

 

UPDLLFERTDIVIIT