Supermarket groups Carrefour and Tesco will not extend purchasing alliance

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PARIS (Reuters) – French supermarket group Carrefour (PA:CARR) and its British peer Tesco (OTC:TSCDY) said on Monday they would not extend a purchasing alliance between the two companies.

They said in a joint statement that “they have decided not to extend their purchasing alliance beyond the three-year operational framework agreed in 2018.” The alliance formally ends on Dec. 31, they added.