September 6, 2005

Tesco Interested In Albertsons?

Excellent news for consumers if it is true, Tesco might come state-side with an acquistion of Albertsons:

Though Carrefour may be out, at least one other overseas retailer might be interested. Speculation from across the Atlantic focused on U.K. retailing giant Tesco as a potential bidder. Analysts pointed out that Tesco has been expanding overseas as it seeks fresh revenue streams. The chain has already proven it can compete with Wal-Mart in Europe.

More broadly, Bishop said the floating of Albertson's on the market is indicative of a sector under siege.

Posted by Kevin on September, 6 2005 at 02:19 PM