Revitalised UK grocer Tesco (LSE: TSCO) has shifted to a back-to-basics approach to tackle the threat from discounters Aldi and Lidl and the overcapacity in the sector — and that has left no room for its quixotically-acquired restaurant chain Giraffe.

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Owain Bennallack owns shares of Tesco. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.