Carrefour and Tesco join forces to boost purchasing firepower

ReutersNewsPublished: July 2, 2018
Published: July 2, 2018

Europe's two largest supermarket groups, France's Carrefour and Britain's Tesco, plan to form a global purchasing alliance to cut costs in the face of competitive pressure. As Thuy Ong reports, the deal is the latest partnership in a European retail industry into which U.S. internet giant Amazon has made inroads in recent months.

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