Carrefour and Tesco have today announced that they will not extend their purchasing alliance beyond a three-year operational framework agreed in 2018.
In a joint statement, the two supermarket chains said that they had benefited from a number of joint buying opportunities across food and general merchandise, which had enabled “access to new suppliers, new sources and new products.”
“Moving forward, both companies have agreed that they will continue this work independently and focus on their own opportunities, building on the experience and the progress made during the alliance period,” the companies said.
According to Reuters, two people familiar with the matter said that the move was not related to Brexit. One of the sources said that alliances were regularly reviewed and that the decision was “part of that game.”
The partnership will formally end on 31 December 2021.
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