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News Release

JLL UK Retail comments on announcement of Tesco acquisition of Booker Group

​LONDON, Friday 27th January 2017 – Commenting on the announcement that Tesco will be acquiring Booker Group, Tim Vallance, Head of JLL UK Retail, said: “This is good news for Tesco and the grocery sector in general. In choosing to tie up with Booker Tesco is ensuring that it is able to cater for a wider variety of consumers across many different channels. This is part of a wider trend for grocers and retailers more generally to seek growth through large mergers and acquisitions rather than through organic store by store or smaller acquisitions. For instance, we have already seen Sainsbury’s take over Home Retail.

“We can’t pretend that 2017 won’t be a tough year for retailers with headwinds including rising costs and falling consumer confidence, however those that are innovative and customer-centric will remain resilient and prosper and we expect to see further similar activity amongst the big four as they continue to vie for domination of the sector and adapt to the evolving way people shop.“