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September 06, 2005

Investing in the US...

Geoff Jones reports a story that Tesco may bid for Albertson's in the USA.

Albertsons are the number 2 food retailer in the USA who are having a hard time against Walmart.This is interesting especially after all the recent UK PR about Asda (Walmart) bleating about Tesco's dominance in the UK....

Personally I think its sheer lunancy if Tesco do this. Has any UK company succeeded in the USA? However, it could be good news for Sainsbury etc in the UK since Tesco's senior management would be well stretched to handle a Albertsons take over.

Sainsbury's invested in Shaws in the US but sold out last year... to Albertsons.

Posted by Johnnie Moore on September 6, 2005 at 10:59 AM in News | Permalink


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