, Columnists
Tesco's Cunning Succession Plan
The deal has strategic logic but the prize is CEO Charles Wilson.
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Tesco Plc's move to acquire cash-and-carry wholesaler Booker Group Plc is a bid by Britain's biggest grocer to tackle a serious problem that faces all of the nation's big supermarkets. It's also a cunning succession plan.
The deal makes strategic sense. Tesco can transform some of the excess space in its big hypermarkets into Booker distribution centers.