Trending: Tesco Plans 2,100 Job Cuts, Confirms Paperchase Brand Acquisition
01 February 2023 - 2:38AM
Dow Jones News
1445 GMT - Tesco PLC is among the most mentioned companies
across news items over the past four hours, according to Factiva
data after the group acquired Paperchase's name and other
intellectual property. The deal, however, doesn't include
Paperchase's 106 shops in the U.K. and Ireland, leaving the future
of 820 jobs at risk. In another statement, Tesco said it will lay
off around 2,100 employees, including 1,750 lead managers across
its large stores after a major new management structure roll out.
Dow Jones & Co. owns Factiva. (michael.susin@wsj.com)
(END) Dow Jones Newswires
January 31, 2023 10:23 ET (15:23 GMT)
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