(Alliance News) - Grocer Tesco PLC is considering launching a network of stores using its 'Finest' brand, the Financial Times reported Tuesday.
The stores would compete with the likes of Marks & Spencer Group PLC's Simply Food range, the FT said.
Tesco is looking to capitalise on a recent recovery in sales and margins, the newspaper continued. A 'Finest' store range could deliver an operating margin twice that the company currently achieves, it added.
https://www.ft.com/content/54f197b2-91d4-11e9-b7ea-60e35ef678d2?segmentId=080b04f5-af92-ae6f-0513-095d44fb3577
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Tesco (TSCO)
Marks & Spencer (MKS)