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Charles and Dave Tesco Booker

Tesco £3.7bn Booker takeover gets green light from CMA

15 Nov 2017 | By Ian Quinn, Edward Devlin

The UK’s competition regulators are sensationally set to approve Tesco’s £3.7bn takeover of Booker, without imposing conditions such as selling off hundreds of its stores

Latest News

christine tacon

Groceries Adjudicator calls on Booker to be signed up to GSCOP Subscription

20 Nov 2017 | By Ian Quinn

Suppliers fear the Tesco-Booker merger could see it circumvent the code in its buying arrangements with wholesale

Dave Lewis Tank

Wholesalers ready to lay down in front of Tesco-Booker tanks Subscription

17 Nov 2017 | By Ian Quinn

What prompted the CMA to give Tesco-Booker the all-clear? And can opponents still stop the new behemoth in its tracks?

amazon fresh delivery bags

Tesco-Booker targets Aldi and Amazon Subscription

17 Nov 2017 | By Ian Quinn

Charles Wilson has claimed the CMA decision will allow the combined business to take the grocery war to Aldi and Amazon

tesco-booker

CMA bowed to Tesco-Booker pressure to include discounters in inquiry Subscription

15 Nov 2017 | By Ian Quinn

The competition authority had originally excluded Aldi and Lidl from their competitor set

aldi

City snapshot: CMA inquiry included Aldi and Lidl after Tesco-Booker pressure Subscription

15 Nov 2017 | By Alec Mattinson

The CMA backtracked amid pressure from Tesco and Booker to take the rise of the discounters into consideration in delivering its verdict on their proposed merger, The Grocer can reveal. Plus, Nissin partnership boosts first half performance at Premier Foods after strong second quarter and all the rest of the latest news from the City.

Tesco booker merge

Media Bites 15 Nov: Tesco/Booker, Grocery inflation, Sir Terry Leahy Subscription

15 Nov 2017 | By Alec Mattinson

“Booker rivals’ outrage over Tesco tie-up” is the leading business headline in this morning’s edition of The Times (£) as the media expresses shock at the CMA’s decision to green light the £3.7bn Tesco acquisition of Booker.

tesco-booker

Industry reaction to CMA provisional clearance of Tesco-Booker Subscription

14 Nov 2017 | By Ronan Hegarty

It was no surprise that the Competition and Markets Authority cleared Tesco’s £3.7bn takeover of Booker, but that it did so without asking for any remedies has shocked many

Tesco Booker CMA

How analysts reacted to CMA provisional clearance of Tesco-Booker Subscription

14 Nov 2017 | By Ian Quinn

The CMA reported the provisional findings of its probe, ahead of a final decision in December

CMA Tesco Booker Merger stores

CMA approves Tesco-Booker takeover: timeline Video

14 Nov 2017 | By The Grocer News Team

Here’s how The Grocer reported the key milestones of this landmark mega-merger

booker depot warehouse wholesale

City News: Booker shares steady ahead of CMA decision Subscription

13 Oct 2017 | By Edward Devlin

The City was unmoved by a healthy first half at Booker as investors awaited the preliminary decision by the CMA

bestway wholesale

Bestway claims Tesco-Booker deal will 'distort' wholesale Subscription

05 Sep 2017 | By Ian Quinn

Bestway also highlighted fears over the future of fellow wholesaler Palmer & Harvey…

Tesco Booker

Tesco and Booker's five arguments for the CMA Subscription

24 Aug 2017 | By Ian Quinn

The Grocer looks at the key points raised by the potential partners in their 111-page dossier defending the deal

charles wilson and dave lewis

Tesco-Booker: CMA’s ‘fast-track’ investigation looks like good news for the deal Subscription

12 Jul 2017 | By Ronan Hegarty

A commitment from Tesco to sell off 350 stores, if it comes to that, may well look like a price worth paying

tesco booker stores

Tesco-Booker merger: why the CMA’s phase two review will come down to 350 hotspots

12 Jul 2017 | By Julia Glotz, Ronan Hegarty

The CMA has identified 350 local areas around the country where there is an overlap 

Tesco booker merge

City snapshot: Tesco/Booker request swift move to in-depth competition investigation Subscription

29 Jun 2017 | By Alec Mattinson

Tesco and Booker have requested that the Competition and Markets Authority fast track its investigation into deal to a more in-depth phase 2 investigation. Plus Greene King raises revenues despite “demanding backdrop”, DS Smith swoops for US packaging firm and all the rest of the latest news from the City

Booker

Booker deal 'will free up £500m war chest for Tesco' Subscription

15 Jun 2017 | By Ian Quinn

A successful merger “will give Tesco a £500m war chest to fight against wholesale and supermarket price hikes”…

nisa

Nisa Retail explores potential sale of member-owned buying group Subscription

12 Jun 2017 | By Ronan Hegarty

Nisa told its members this weekend that it had received ’a number of enquires and proposals’

booker

Buoyant Booker defies Tesco deal distraction talk Subscription

19 May 2017 | By Ronan Hegarty, Alec Mattinson

Tesco’s proposed £3.7bn takeover of Booker has not distracted the wholesale giant as it delivered a 15% growth in pre-tax

booker customer

City snapshot: Booker profits up 15% ahead of Tesco buyout Subscription

18 May 2017 | By Alec Mattinson

Tesco-bound Booker saw pre-tax profits rise 15% in its full financial year, driven by rising non-tobacco like-for-like sales growth. Plus, all the rest of the latest news from the City

booker londis budgens

Booker retailers undecided on merits of Tesco merger Subscription

28 Apr 2017 | By Adam Leyland

The majority of Booker retailers don’t know what to think about the deal

Opinion

tesco booker

Tesco-Booker a case of if you can't beat 'em, join 'em Subscription

17 Nov 2017 | By Adam Leyland

But not in the old sense of selling up. It’s about forming a genuine partnership (or Faustian pact)

Tesco CMA Booker

Tesco-Booker debate all over bar the shouting (and screaming) Subscription

14 Nov 2017 | By Ian Quinn

The CMA has decided that even beasts with such scale as Tesco and Booker did not have the power to damage competition even if they wanted to …

Nisa Co-op vote composite pic

We are on the cusp of two watersheds in convenience history Subscription

09 Nov 2017 | By Adam Leyland

Today, Nisa members will vote on their future. And on Tuesday the wisdom or folly of their decision will be tested 

Steve Parfett_CMA_opinion quote

You are wrong, wrong, wrong on Tesco-Booker, CMA!

17 Aug 2017 | By Steve Parfett

I am furious that, even at this second stage, the CMA has completely and utterly failed to grasp the key issues

christine tacon

It's good to see Tacon reappointed, even if at the 13th hour

30 Jun 2017 | By Adam Leyland

I was quite cynical when the Adjudicator started. A code of conduct has been in place since 2001

Steve Parfett

Owning wholesale will embed big four in almost total dominance

22 Jun 2017 | By Steve Parfett

We have very early notice of the consequences for the entire grocery sector of failing to stop Tesco-Booker

Terry

Tesco and Booker cultures must align

01 Jun 2017 | By Terry Tyrrell

We have all heard Stealers Wheel’s song Stuck In The Middle With You…

Booker CEO Charles Wilson (left) and Tesco CEO Dave Lewis

Judgment day now looms for Tesco-Booker Subscription

30 May 2017 | By Ian Quinn

Now it is time for the industry to respond with its observations and objections

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