Tesco has shed further light on the “mixture of opportunities” that its proposed £3.7bn acquisition of Booker will present, including the possibility of enhanced financial services and click and collect for independent retailers.
Booker has announced like-for-like sales growth of 0.7% for the fourth quarter, despite a sharp drop in tobacco sales.
Booker has expressed its disappointment at the collapse of a group of Budgens stores operated by Food Retailer Operations Limited (FROL).
Wholesalers have begun to react to Tesco’s proposed acquisition of Booker.
Booker-supplied independent retailers have reacted with a mixture of optimism and apprehension about the wholesaler’s proposed £3.7bn merger with Tesco.
Booker chief executive Charles Wilson says that the proposed merger with Tesco will help independent retailers “go to the next level”.
Tesco and Booker have stunned the industry this morning with the announcement of a £3.7bn merger plan
While the announcement of the ‘Besco’ merger took pretty much everyone by surprise, on reflection perhaps we should have seen it, or something like it, a mile off, writes editor David Rees