Image source: The Jakarta Post

The Jakarta Post, 2 July 2018

Carrefour and Tesco, two of Europe's largest retailers, said Monday they plan to form a purchasing alliance to increase their leverage with suppliers in a fiercely competitive supermarket sector.

The French and British supermarket giants said in a joint statement that they plan to jointly purchase goods in a bid to cut costs.

The deal, which will last for three years, is expected to be concluded "within the next two months," the statement said.

This article was released by The Jakarta Post. Read full article HERE.

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