Robin Terell Archives - Inside Retail Asia

Tesco takes stake in Lazada

British grocer Tesco has taken a minority stake in Southeast Asian online retailer Lazada. Without providing much further detail, Robin Terell, multichannel director at Tesco, said the company has invested “tens of millions” of pounds in Lazada, which offers non-food products such electronic goods, clothing, homewares and toys in Indonesia, Malaysia, Philippines, Thailand and Vietnam. Lazada, owned by German incubator Rocket Internet, also offers a marketplace where third-party merchants c…