Bernardo Caprotti, the chairman of Italian supermarket chain Esselunga, has denied reports that it is in talks with Tesco regarding a possible takeover.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Italian newspaper Il Sole 24 Ore reported that Esselunga had been put up for sale and had entered into negotiations with the UK retailer.
“We have no contacts with Tesco. Tesco and Esselunga are two incompatible companies,”’ Caprotti said in a statement.
He said that the report was a “free journalistic interpretation” of the group’s recent financial reorganisation. He did not comment on whether Esselunga is up for sale.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
