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Supermarkets buying whole towns: Tesco bag ‘Sale’

A town in the North-West has today become the first to be bought outright by a supermarket chain. Tesco bought ‘Sale’ for an estimated £10 Million, in a bid to secure the word for their sole use.

The ancient ‘on-the-market’ town has been available to buy since 1978. Signs erected at every entrance to the town were clearly marked ‘Sale’, but up to now there has been very little interest. Tesco CEO Phillip Clarke snapped up the ‘Value’ town as soon as he saw it, and sees it as a great opportunity.

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Posted: Oct 5th, 2012
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