The Office of Fair Trading (OFT) has cleared Tesco’s takeover of the Mills Group through its One Stop convenience chain. However, local shops have expressed anger at the failure of the OFT to refer the merger to the Competition Commission.
The Association of Convenience Stores (ACS) has written to the Office of Fair Trading calling for the merger between Tesco and Mills Group to be stopped. Responding to a request for evidence on the acquisition, the ACS has asked the
One Stop, the convenience chain acquired by Tesco in 2003, has beaten its own expansion target for 75 new stores by 2013 with the acquisition of the Mills Group. One Stop is buying 77 stores from the Mills Group, the