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 […]
Tesco has proposed to cease operations at its Fenny Lock distribution centre following its announcement today that it was terminating its Tesco Direct non-food website.
The threat of strike action by at least 2,000 members of union Unite at a number of Tesco DCs in the run-up to Christmas appears to have receded after the supermarket chain made a revised two-year pay offer.
The dispute between Eddie Stobart and Unite threatens to run and run, after the union rejected the operator’s latest improved redundancy offer. Harriet Eisner, regional officer at Unite, said her 180-driver members were angry that the new deal did not, in their opinion, go far enough. Unite had postponed a second wave of strike action ahead of last week’s (19 October) meeting, but warned this sanction was now back on the table. Eisner added: “Unite believes that there is no […]