Tesco Forms Purchasing Alliance With Carrefour to Cut Costs
Bags of flour, part of the Carrefour Discount range, sit for sale on shelves inside a Carrefour SA supermarket. (Photographer: Andrew Caballero-Reynolds/Bloomberg)

Tesco Forms Purchasing Alliance With Carrefour to Cut Costs

(Bloomberg) -- Tesco Plc is forming a purchasing alliance with French retailer Carrefour SA to increase its leverage with suppliers in a consolidating and price-squeezed supermarket business.
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