Tesco is due to put its latest acquisition straight to work in order to broaden the appeal of its existing business.
The supermarket has today confirmed its purchase of the Giraffe chain of restaurants for £48.6 million. This follows its recent purchase of a 49 per cent stake in Harris and Hoole coffee shops and the firm's investment in the Euphorium Bakery chain.
The acquisition spree comes shortly after the company conducted a revamp of its UK stores and is part of broader efforts to secure growth. To do this, Tesco hopes to create “retail destinations” for its customers through the provision of restaurants and retail services at the same locations.
Kevin Grace, the retail group's commercial director, commented on the developments, noting: “We think our customers will love it.”
A true test of Tesco's brand strength will be how the company responds to the recent horse meat allegations that have plagued its ready meal division. But the company is making good progress with revitalising its business and in January posted its strongest UK Christmas sales growth in three years, suggesting that it has a strong base to build on.
It noted that there is still “a lot more to do”, but the company is putting its Giraffe acquisition to work in order to increase the attraction of its retail premises, which could well put things back on track sooner than expected.
Represents an opportunity for an acquirer seeking a three surgery, predominantly private dentistry located in Pembrokeshire.
FREEHOLD
Predominately NHS dental surgery with scope for physical expansion, private growth and extended services.
FREEHOLD
Represents an opportunity for a dental practice acquirer seeking a seven surgery mixed dentistry operating since 1978.
FREEHOLD
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.