The world's biggest food retailers took a studied approach to global development and expansion last year. The biggest deal to draw world attention occurred earlier this year in the United States with the $17.4 billion Supervalu-Cerberus-CVS agreement to acquire Albertsons. "We've seen a period in which everyone is catching their breath," said Bryan Roberts, retail analyst for Planet Retail, London. Roberts described 2005 as a period of rationalization among the top retail companies. "It's ...
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