Re Contract
09 8월 2004 - 7:07PM
UK Regulatory
RNS Number:7548B
Woolworths Group PLC
09 August 2004
EUK/TESCO ANNOUNCEMENT
Woolworths Group plc announces that its Entertainment Wholesale subsidiary,
Entertainment UK Limited, has agreed new terms with Tesco for the ongoing supply
of entertainment products to Tesco's UK stores. Under the new contract EUK will
continue to act as Tesco's major supplier of CDs, Video (DVD and VHS) and
computer games for an initial period to the end of February 2007.
The parties have also committed to working together in a more collaborative way
to improve the efficiency of the entertainment supply chain for the benefit of
both parties and Tesco's customers. Agreement to undertake any identified
improvements is a condition of the new contract continuing for the duration of
the initial period. Early exit could not, however occur before August 2005.
For further information contact:
WOOLWORTHS GROUP PLC
Christopher Rogers, Group Finance Director 020 7479 5179
Nicole Lander, Head of Corporate Affairs 020 7706 5653
Kate Inverarity, Tulchan Communications 020 7353 4200
Alexia Latham, Tulchan Communications 020 73534200
TESCO
Steve Webb, Tesco Investor Relations 01992 644800
Jonathan Church, Tesco Press Office 01992 644645
This information is provided by RNS
The company news service from the London Stock Exchange
END
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