More Focus for Dave Lewis & Tesco as Bakery Diversification Ended

Step by step, Tesco CEO Dave Lewis is retrenching back from the failed diversification strategies of his predecessors. This time it is the sale by Tesco of a bakery chain it bought.

The BBC reports here on the sale of Euphorium bakeries, a business that Tesco invested in several years ago.

Euphorium bakeries operates four standalone bakery stores and 57 concessions in Tesco stores, supplied by its own bakery plant.

Tesco will now operate own-label bakeries in the stores affected and will look to transfer the staff working there onto the tesco payroll.