JAPAN/UK: Tesco to buy Japanese convenience store chain
The UK's largest supermarket chain Tesco is to enter the Japanese food retail market, having made an offer to buy convenience-store chain C Two-Network for £173m (US$285.8m). Tesco said it had made a recommended offer of ¥3,400 (US$28.8) per share in cash for C-Two Network, which operates a profitable chain of 78 stores, many of which are situated in the Tokyo metropolitan area.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Have food promotions reached tipping point?
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund