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ECT News Community   »   E-Commerce Times Talkback   »   Re: Safeway Brings in Tesco as Online Grocery Partner



Re: Safeway Brings in Tesco as Online Grocery Partner
Posted by ECT News on 2001-07-10 16:36:42
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UK retailer Tesco said Monday it will enter the U.S. online grocery market, buying a stake
in the e-tail business of supermarket chain Safeway.


Tesco said it will pay approximately US$22 million for a 35 percent stake in Safeway's
GroceryWorks online subsidiary, enabling the U.S. company to expand its Internet business.
Tesco also said it led a round of financing for GroceryWorks, giving the e-tail venture a
boost consisting of $35 million in cash and other assets.





 * Topic  Author  Date
Re: Safeway Brings in Tesco as Online Grocery Partner  ECT News  2001-07-10 16:36:42
Re: Safeway Brings in Tesco as Online Grocery Partner  mnamiskat  2002-09-20 17:15:50
Re: Safeway Brings in Tesco as Online Grocery Partner  William Kelehe  2001-09-28 19:48:04
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