Tesco-Carrefour Alliance Is Credit Positive For Both Retailers: Moody's
Moody's Investors Service has said that the recently-announced purchasing tie-up between Tesco and Carrefour is credit positive for both retailers, however the deal is likely to impact suppliers' bottom line.
"The alliance is credit positive for both retailers because the increased bargaining power and purchasing efficiencies will reduce their costs," said David Beadle, vice president – senior credit officer at Moody's.
"The retailers expect the alliance will enable them to improve the quality and choice of products and reduce prices, enhancing their competitiveness."
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