Tesco Thailand Archives - Inside Retail Asia
Tesco Asia like-for-like sales continue to decline while the UK-headquartered company repositions its offer.
As speculation mounts over the future of its Asia business units, a bid for Tesco Thailand has reportedly been rebuffed. As reported in November, Thai billionaire Dhanin Chearavanont prepared a speculative bid by his company Charoen Pokphand Group (CP) to buy back the troubled Tesco Plc’s Thailand business division, which he sold during the Asia financial crisis. Reuters now reports Chearavanont held “preliminary talks” with Tesco after securing the support of the Bank of America i…
New recruit currently CEO of Tesco Malaysia.