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Tesco to close Homeplus stores
2015-05-12 23:51:28| BBC News | Business | UK Edition
Tesco will close its six remaining Homeplus stores with the loss of as many as 450 jobs.
Tesco talks to bankers about Tesco Mobile sale - report
2015-05-11 10:07:00| Telecompaper Headlines
(Telecompaper) UK supermarket chain Tesco has held talks with banks about the possible sale of MVNO Tesco Mobile, its 50/50 joint venture with O2 UK, people familiar with the situation told the Financial Times. The move is part of new CEO Dave Lewis's strategy of selling non-core assets to return the group to financial health. Tesco Mobile could be worth hundreds of millions of pounds, as it contributed around GBP 100 million of profit for Tesco in 2014 and benefits from the valuable Tesco brand. The MVNO had over 4 million subscribers at the end of 2014, according to Ovum. There are over 250 Tesco Phone shops and the company sells up to 2 million handsets a year. Tesco Mobile competes with value-led MVNOs TalkTalk and Giffgaff. The supermarket chain has already sold its Blinkbox VoD service and fixed-line business to TalkTalk, which could be a potential acquirer. None of the companies would comment on the matter.
Tags: report
sale
mobile
talks
Tesco reportedly looking to exit mobile
2015-05-11 02:00:00| Total Telecom industry news
U.K. supermarket keen to exit MVNO, while market newcomer iD confirms imminent launch.
Tags: mobile
exit
reportedly
tesco
Refresco Gerber adds new categories to Tesco tie-up
2015-05-01 16:43:00| Daily beverage news and comment - from just-drinks.com
Refresco Gerber UK is to extend production of its Tesco-branded beverages into energy drinks and flavoured water.
Tags: categories
adds
tesco
gerber
Kroger Acquires Dunnhumby Data Assets From Tesco, Forges New Venture
2015-04-28 05:04:12| Grocery - Topix.net
British grocer Tesco's customer data science and loyalty division dunnhumby, reportedly on the market for several months now as its parent company explored "strategic options," will transfer many of its employees and data assets to Tesco's US-based joint venture partner Kroger. Under the transaction, "dunnhumby Ltd and Kroger will replace their existing exclusive joint venture with a new long-term license and service agreement and the acquisition of certain assets from dunnhumbyUSA by Kroger," according to a Kroger press release .
Tags: data
assets
venture
acquires
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