Speaking at a management roadshow in the US this week, Tesco executives said although it had been looking at the US for many years, it was not planning any immediate acquisitions or a move into the country.
A Tesco spokesman added: “We look out for opportunities all the time and keep a close eye on markets, but there is nothing to report on at all.”
However, despite the denials, The Grocer has learned that John Burry, Tesco’s category director for chilled foods, is currently in the US. This follows the return to the UK of Tesco’s former trading director for grocery, Colin Smith, who has been in the US since March, leading a team investigating possibilities in the country.
A Tesco spokesman insisted that Burry’s visit to the US was just a research trip. “We always have lots of people abroad for various reasons, so this is not out of the ordinary,” he added.
Speculation has linked Tesco with a number of US grocery chains in recent months.