Tesco buys Budgens and Londis owner Booker in £3.7bn deal
If retail rival Sainsbury’s wanted to become the UK’s biggest non-food business then Tesco has risen to the challenge after buying Budgens and Londis owner Booker in a £3.7bn deal.
Tesco claimed it will now become the ‘UK’s leading food business’ and said the combined group will “bring benefits for consumers, independent retailers, caterers, small businesses, suppliers, and colleagues, as well as delivering significant value to shareholders”.
Booker’s Londis, Budgens, Premier and Family Shopper brands give it thousands of convenience store sites. Beyond that it supplies food to 450,000 caterers, 120,000 retailers and 700,000 small businesses Read full story ›
Source: The Drum
