Why is Tesco sticking its neck out with Giraffe?
Outlook
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Questions, questions for Tesco’s shareholder meeting on Friday. When will the turnaround be complete? How’s the sale of Dunnhumby and its South Korea operation going? What’s the latest on the fraud inquiry?
But Shore Capital raised a different one: why on earth does Tesco still own Giraffe restaurants? In a supermarket chain that’s offloading “non-core assets”, this overpriced mid-market chain looks as out of place as – well, a giraffe.
It’s small beer, sure, but private equity groups are standing at the ready, hungry to help Tesco chief Dave Lewis reverse one of the former regime’s dopiest investments.
He should appoint advisers now and send this not-so exotic beast off to market.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments