Friday, January 27, 2017

Why is Tesco buying Budgens' owner – and will it affect shoppers?

The retail giant has launched a £3.7bn takeover of wholesaler Booker, but could face competition hurdles

Booker is a grocery wholesaler supplying 125,000 independent convenience stores as well as 468,000 restaurants, pubs and leisure facilities such as cinemas.

Related: Tesco to buy Budgens and Londis owner Booker in £3.7bn deal

Related: Tesco to buy Budgens and Londis owner Booker in £3.7bn deal

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from Mergers and acquisitions | The Guardian http://ift.tt/2jlPOj8

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