Further to the announcement on 2 July 2018, Tesco and Carrefour has now confirmed that they have formally entered into a long-term, strategic alliance.
As previously described, the Alliance will cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. It will be governed by a three-year operational framework.
Following this formal agreement, the companies expect that the Alliance will become operational in October 2018.