Every Lidl Helps: German Grocer's Owner Poised to Snap up Tesco Stores
Potential buyers include Schwarz Group, Ahold Delhaize and Biedronka as Tesco weighs a sale of a business that generated 4% of group profit.
- On Wednesday, German retailer Schwarz Group emerged as a potential bidder for Tesco's Central European operations, according to the Financial Times, while Tesco works with advisers Goldman Sachs and Citi on the sale.
- Britain's largest food retailer, Tesco, is retreating from overseas markets to refocus on its home business, having divested nearly all international assets since 2015.
- The division includes 561 supermarkets across the Czech Republic, Hungary, and Slovakia, which together generate annual revenue of 4.49 billion pounds .
- Dutch chain Ahold Delhaize and Polish retailer Biedronka also intend to bid for the stores, though both companies did not immediately respond to requests for comment.
- Analysts view the 561-store division as an anomaly contrary to Tesco's strategy, contributing approximately 4% to the retailer's group profit during the 2025–26 fiscal year.
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There is also one surprising name among the interested parties.
Among those interested in buying Tesco's operations in central Europe is the owner of Lidl and Kaufland, Schwarz Gruppe. This was reported by sources in the Financial Times (FT). According to them, the Dutch supermarket chain Ahold Delhaize and the Polish discount chain Biedronka are also interested in the purchase. The newspaper reported in July that Tesco was considering selling its operations in the Czech Republic, Slovakia and Hungary.
Lidl-owner among bidders for Tesco's Central European business, FT ...
Every Lidl helps: German grocer's owner poised to snap up Tesco stores
The owners of Lidl are among the front runners to snap up dozens of Tesco stores as the British supermarket chain seeks to offload some of its biggest subsidiaries. Schwarz Group is expected to submit an offer for Tesco’s Czech and Slovakian businesses, according to the Financial Times, after the FTSE 100 firm said it was seeking buyers amid a retreat from European markets. Tesco is planning to offload its entire European division outside the UK…
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