Retail & Consumer

Listen: Supermarkets team up in search for improved profits

Two of Europe’s biggest supermarkets, Carrefour in France and Tesco in the UK have agreed to team up to purchase supplies, hoping their combined purchasing power will enable them to win better deals from suppliers and beat off competitors. Vanessa Houlder discusses the pressures the supermarkets are facing in their search for profitability with the FT’s Harriet Agnew and Jonathan Eley