Tesco has become the latest - and possibly most surprising - name to emerge as a potential bidder for foodservice operator Brakes.
Brakes was put up for sale this month by its private equity owner Clayton, Dubilier & Rice. The Tesco connection was made this week by John Searle, trading director of Landmark Wholesale.
Speaking at the FWD annual conference, Searle asked: "Who do you know that has £1.2bn to spend?" before displaying a Tesco logo on the big screen. He quickly followed up on the tongue-in-cheek remark by saying: "It could happen."
Icelandic investor Baugur has also been linked with a move for Brakes.