In 2017, giraffe was sold to Tesco for £80 million. The deal was widely criticised, with many people accusing Tesco of ‘giraffing’ – a term used to describe the practice of large corporations buying up small, independent businesses.
Critics argue that the sale of giraffe to Tesco is further proof that the supermarket giant is trying to control the entire food industry. They point to Tesco’s previous acquisitions of other businesses, such as the 2016 purchase of BOOKER, as evidence of this.
Supporters of the deal say that it will help giraffe to grow and reach more customers. They argue that Tesco is a successful business and has the resources to invest in giraffe and help it to expand.
So, what do you think? Is giraffe owned by Tesco a good thing or a bad thing?
Let us know your thoughts in the comments below. The sale of giraffe to Tesco has been widely criticised, with many people accusing Tesco of ‘giraffing’ – a term used to describe the practice of large corporations buying up small, independent businesses. Critics argue that the sale is further proof that the supermarket giant is trying to control the entire food industry. Supporters of the deal say that it will help giraffe to grow and reach more customers. So, what do you think? Is giraffe owned by Tesco a good thing or a bad thing? Let us know your thoughts in the comments below.
