Add-on Acquisition • Retail

Tesco Acquires One Stop Stores

On February 4, 2003, Tesco acquired retailer One Stop Stores

Acquisition Context
  • This is Tesco’s 2nd transaction in the Retail sector.
  • This is Tesco’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date February 4, 2003
Target One Stop Stores
Sector Retail
Buyer(s) Tesco
Deal Type Add-on Acquisition

Target Company

One Stop Stores

Walsall, United Kingdom
One Stop Stores Ltd. is a retail stores.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 12
Sector: Retail 2 of 9
Type: Add-on Acquisition 2 of 9
Country: United Kingdom 2 of 10
Year: 2003 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-31 T&S Stores

West Midlands, United Kingdom

T&S Stores Ltd. sells a wide variety of products from groceries, snacks and soft drinks, barbecue briquettes, special occasion gifts, newspapers, alcoholic beverages and more. T&S also offers additional services such as cash machines, post office, lottery tickets, and home deliveries. T&S extends its services throughout the United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 Safeway

Hayes, United Kingdom

Safeway Ltd. is a retailer in the United Kingdom. It has approximately 480 stores, which offer approximately 22,000 different product lines.

Buy -