Tesco and France’s Carrefour are teaming up to buy products for more than 19,000 stores, a move the supermarket groups claim will lead to greater choice and lower prices for customers.
While the decision may be good news for shoppers, analysts said the planned three-year strategic alliance between Britain’s biggest grocer and Europe’s largest retailer will squeeze suppliers further.
Tesco and Carrefour say by buying own-brand products together they aim to improve the quality and choice of products in their supermarkets and sell them at cheaper prices. Each company will continue to work with their suppliers at a local and national level.
The strategy could lead to more camembert, wine and other French products being sold in Tesco stores and more British products in Carrefour supermarkets, although details have yet to be finalised, according to a Tesco spokeswoman.
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