Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders. Following support from the supermarket group’s investors, Tesco confirmed in a statement that Booker’s shareholders had now also backed the deal. The combined business is expected to start operating on 5 March 2018. Dave Lewis, group chief executive at Tesco, said: “I’m delighted that the shareholders of both companies have supported the merger. “This merger is about growth, bringing together our complementary retail and wholesale skills to create the […]
The European Commission (EC) has extended the deadline for the completion of its investigation into FedEx’s proposed acquisition of TNT.
At almost 1m sq ft, Tesco’s giant flagship Reading DC is one of the largest grocery distribution sites in Europe.
Temperature controlled storage and transport firm Reed Boardall has been named Fresh and Frozen Foods Haulier of the Year by retailer Tesco. The firm, which operates from a 142,000 pallet capacity cold store in Boroughbridge, North Yorkshire and runs 160 refrigerated trucks, won the award for a combination of good service and the use of high-capacity double-deck reefer trailers.