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M&A Deal Summary

Tesco Acquires Fre c

On April 27, 2004, Tesco acquired retailer Fre c

Acquisition Highlights
  • This is Tesco’s 6th transaction in the Retail sector.
  • This is Tesco’s 2nd transaction in Japan.

M&A Deal Summary
Date 2004-04-27
Target Fre c
Sector Retail
Buyer(s) Tesco
Deal Type Add-on Acquisition

Target

Fre c

Tokyo, Japan
Fre'c ("Fresh and Cost") is a regional privately owned Japanese company with particular strength in fresh food. In the year ending March 2003 sales were JPY 28bn (£146m). Fre'c operates 27 neighbourhood supermarkets mainly in dense residential locations.

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Buyer(S) 1

Buyer

Tesco

Welwyn Garden City, United Kingdom
Category Company
Founded 1919
Sector Retail
Employees340,000
Revenue 69.9B GBP (2025)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.

DEAL STATS #
Overall 6 of 12
Sector: Retail M&A 6 of 9
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Japan M&A 2 of 2
Year: 2004 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-22 Adminstore

Welwyn Garden City, United Kingdom

Adminstore Ltd. is a convenience chain of seven stores trading as Crispins food and wine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Dobbies Garden Centres

Lasswade, United Kingdom

Dobbies Garden Centres is a specialist garden center retailer, operating 35 garden centers across Scotland, England, and Northern Ireland. Dobbies Garden Centres is based in Lasswade, United Kingdom.

Buy -
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