Supermarket giants Tesco and Carrefour have formally entered into a strategic alliance, with plans to begin cooperation in October.
The alliance will cover the companies’ relationship with global suppliers, including joint purchasing of own brand products and goods not for resale. Each company will continue to work with supplier partners at a local and national level.
The partners have agreed a three-year operational framework, details of which were not disclosed, to govern the deal.
Tesco and Carrefour first mooted the deal at the beginning of July. Speaking at the time of the agreement at the beginning of July, Tesco CEO Dave Lewis said: