Leading UK supermarket operator Tesco is understood to be in talks to sell its Dillons newsagent chain in a deal worth £20m (US$36.8m).
The Dillons chain includes 180 stores selling newspapers, tobacco and grocery items. The mooted buyer is private convenience store chain TM Retail.
Tesco acquired Dillons in autumn 2002 as part of its £357m acquisition of the T&S Stores neighbourhood store group, and has never seen it as core to its business.
TM Retail is already one of the country’s biggest newsagent operators, owning the Martin’s and Forbuoys chains.
In a related story, Tesco is reported to have signed a licensing deal with eDiets.com, the US Internet diet service. Tesco has paid £2m to acquire the UK and Ireland rights to eDiets.com’s technology.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataTesco is reported to be planning to expand the service to enable dieters to order products recommended in their personalised meal plan to their door.