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UK retailer Tesco is to pull out of south-east Asia, having agreed the sale of its operations to Thai conglomerate Charoen Pokphand for US$10.6 billion. This represents a major reversal of its strategy of international expansion.
Wed 11/03/2020 by Richard Wilkinson
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Reports have emerged that leading UK retailer, Tesco, is considering selling its Asian business, Lotus, for £7.2bn. According to The Independent, Tesco has received “inbound interest” for its Lotus brand […]
Mon 16/12/2019 by Richard Wilkinson
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The big news in the retail world is that the French giant Carrefour is set to sell 80% of its shares in Carrefour China. The stake will be purchased by […]
Tue 02/07/2019 by Richard Wilkinson
