The Business Times
SUBSCRIBERS

Tesco's deal shows how supermarkets in UK must evolve or perish

Published Sun, Jan 29, 2017 · 09:50 PM
Share this article.

London

TESCO plc's £3.7 billion (S$6.6 billion) plan to buy Booker Group plc shows how Britain's supermarkets must adapt to survive in a grocery industry that has changed beyond recall.

With traditional, one-size-fits-all store models under pressure from discounters and online competition, Tesco wants to become the country's undisputed food champion.

In restaurant supplier Booker, it adds the growing market for di…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here