Tesco to launch discount chain: report
–Tesco has identified up to 60 existing stores that it may convert into a new chain of discount shops to take on rivals Aldi and Lidl, reports the Mail on Sunday.
–The new discount chain could be opened as early as September and may be called Jack’s, in a nod to Tesco founder Jack Cohen, given that a subsidiary of the U.K. grocer tried to register the name as a trademark, the Mail on Sunday cites unnamed sources as saying.
Full story: https://bit.ly/2O9HKCH
Source: Read Full Article