Tesco signs formal buying alliance with Carrefour

6th Aug 2018 07:33

(Sharecast News) - Tesco has signed on the dotted line to agree a long-term, strategic alliance with French supermarket peer Carrefour.Following the formal agreement, the FTSE 100 grocery giant said it expects the alliance will become operational in October with a three-year operational framework pencilled in.The agreement will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale.