CRRFY Carrefour SA (PK)

By Joshua Kirby

Carrefour SA and Tesco PLC will not extend a purchasing alliance agreement when it ends this year, the two grocers said Monday.

France's Carrefour and U.K. peer Tesco in 2018 agreed to join together in a three-year purchasing alliance, which will end on Dec. 31 this year.

The partnership has enabled access to new suppliers, sources and products but the two companies will now focus on their own opportunities, the pair said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

June 07, 2021 02:55 ET (06:55 GMT)

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