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Agreement is the latest alliance in the European retail industry, following the recent entry of Amazon on this market
By
[Carrefour]
French and British Carrefour Tesco, two of the largest groups (19559007) Paris / London – French Carrefour and the British Tesco, two of the largest food retail groups in Europe, are considering forming a partnership Global purchasing (Andrew Caballero-Reynolds / Bloomberg). Europe is considering forming a global purchasing partnership to reduce costs under competitive pressure.
The agreement is the latest alliance in the European retail sector, following the recent research of Amazon's e-commerce giant Amazon in this market. "This strategic alliance between Carrefour and Tesco is an important agreement because it combines the buying expertise of two world leaders, complementary in their geographical areas, with common strategies," said the president.
The partnership will cover strategic relationships with suppliers in areas such as marketing services or data collection, as well as the joint purchasing of own-brand products and products used in their own businesses, he added. Crossroads
The alliance, which will be officially closed in the next two months, will exclude fresh produce, and each company will continue to work with partner suppliers locally and nationally
Financial terms of the partnership n & # [19659008] Tesco, the largest supermarket chain in the UK with sales of 51 billion pounds ($ 67.2 billion), was reinstated by CEO Dave Lewis after an accounting scandal
. The group, which operates in Eastern Europe, Malaysia and Thailand, has improved its supplier relationships, as well as increasing pressure on its rivals.
"By working together and taking full advantage of our collective expertise and origination capacity, we will be able to better serve our consumers by further improving choice, quality and value," says Lewis .
Tesco threatened his market direction in the United Kingdom with the plans of the second largest group in the sector, Sainsbury, to buy Wal-Mart's flag of Asda, which occupies the third position
. Carrefour generates most of the 88 billion euro sales in Europe, with Brazil being the second largest market after France. The agreement with Tesco does not include China and Poland
