Tesco Take Root In Gardening Sector
TESCO’S quest to takeover Britain continues with news that the supermarket giant is set to buy Dobbies Garden Centres.
The £156million bid has not surprisingly increased fears about the company’s growing dominance in the retail sector. Tesco already enjoys a 30% slice of the UK grocery market while it continues to expand its non-food ranges.
Chairman of the company, Sir Terry Leahy, claims the deal is in keeping with Tesco’s commitment to the environment. Says he: “The increasing popularity of gardening, and in particular the trend towards environmentally friendly products, makes this an attractive sector for Tesco to invest in.”
However, Sandra Bell of Friends of the Earth is having none of it, saying that the deal was “another example of Tesco trying to take over every aspect of our lives”.
Expect Tesco to bid for Friends of the Earth next week.
Posted: 8th, June 2007 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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June 8th, 2007 at 11:52 pm
And the Earth herself the following w/e?