Britain's Tesco reviews Thai, Malaysian business for possible sale
), has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.
Celebrating its 100th anniversary, Tesco is five years into a UK-focused recovery plan launched by Chief Executive Dave Lewis after an accounting scandal capped a dramatic downturn in trading.“Tesco confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses,” it said in a statement on Sunday.
At a capital markets day in June, Tesco had said it was well placed to grow in Asia, particularly in Thailand, citing an opportunity for 750 new convenience stores over the “medium term”.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
If You Must Break up With Someone in a Restaurant, Do It Like ThisBring cash because you’re going to need to make a quick exit, you monster
Leer más »
Myanmar admits foreign life insurersForeign insurers have been itching to move into Myanmar. The country has 54m people, most of whom are under 30
Leer más »
BOJ to consider offering bleaker view on output as trade war bites: sourcesThe Bank of Japan will consider offering a bleaker assessment on factory output ...
Leer más »
Oh God, What Has Happened to the Hot Duck?Last fall, New Yorkers were united by common purpose: the love of a Hot Duck. And now we must come together, once again, to address a crisis that concerns us all: The Hot Duck is missing, and things don’t look good
Leer más »
Amazon websites could be added to USTR's 'Notorious Markets' list: WSJThe Trump administration is considering putting some of Amazon.com Inc's ov...
Leer más »
Report: Cavaliers open to trading LoveThe Cleveland Cavaliers will consider trading All-Star power forward Kevin Love ...
Leer más »