Tesco Eyes U.S. for Expansion

London, Although Tesco has denied interest in supermarket giant Albertson’s, interest in some kind of U.S. expansion is clear, as Tesco has installed a 65-member team of top executives in America to weigh the acquisition possibilities of a leading U.S. grocery chain.

According to a Tesco source, chief executive Sir Terry Leahy is talking about creating a “second engine for growth,” and identified America, Canada and Japan as targets.

One chain that has apparently attracted Tesco’s attention is Safeway.