Tesco Buys Giraffe Chain as It Eyes Expanding Restaurant Offer
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Tesco Plc, the U.K.’s biggest grocer, agreed to buy the Giraffe restaurant group today for 48.6 million pounds ($72.7 million) in a bid to expand the services offered to customers.
Tesco will gain 48 restaurants, it said, including franchises in airports. The acquisition will help Tesco create “compelling retail destinations where customers can meet, eat and drink, as well as shop.” The first Giraffe to open next to a Tesco store will be near London, it said.