Andrea Felsted, Columnist

Tesco's Long Booker Campaign

CEO Dave Lewis needs to show integrating the food wholesaler won't be a distraction.

April 12, 2017 at 9:59 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

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Forget Brexit, when it comes to Tesco Plc, it's all about Booxit: Will the U.K. supermarket chain be able to convince investors to back its almost 4 billion pound ($5 billion) purchase of Booker Group Plc or see the food wholesaler slip away?

Full-year results out Wednesday reassured to some extent. But a slight beating of expectations was probably the least Chief Executive Dave Lewis could have fished out of his carrier bag.