Tesco may call off dunnhumby sale
Reports suggest that the grocery giant’s sales requirement that dunnhumby will have to repitch for the Tesco Clubcard business within five years has proven unattractive to potential buyers.
Dave Lewis, Tesco’s new CEO, is expected to decide this week whether to go ahead with the sale.
Initial reports put the purchase price at a possible £2bn but this is unlikely to be met now. Following news of the sale potentially falling through, Tesco share price dropped 2.8% to 171.55p yesterday.
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