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Tesco Forms Purchasing Alliance With Carrefour to Cut Costs

  • Supermarket operators to work together on supplier deals
  • Tesco counters Sainsbury’s Asda deal with French alliance
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Tesco Teams Up With France's Carrefour
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Tesco Plc is forming a purchasing alliance with French retailer Carrefour SA to increase its leverage with suppliers in a consolidating and price-squeezed supermarket business.

The alliance between two of Europe’s largest retailers, with combined annual sales of about $171 billion, aims to enhance the companies’ clout in buying branded goods and private-label items as competition from discounters like Aldi and Lidl ramps up.