Combined Tesco/Booker Operation 'Best Placed' To Deal With Amazon Threat: Analysis
Last Friday, 12 January, analysts Bernstein Research hosted an intriguing conference call with Dave Lewis, chief executive of Tesco and Charles Wilson, CEO of Booker, on the impending tie-up between the two businesses.
Following the clearing of the deal on 20 December by the UK's Competition and Markets Authority, the scene is finally set for the two companies to be merged, a process Tesco expects to be completed by March 2018, according to its recent third quarter trading statement.
In that statement, Tesco posted an impressive like-for-like sales increase of 2.3% in the UK and Republic of Ireland, with a 3.4% increase in food sales over the Christmas period.
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