Tesco Archives - Inside Retail Asia

Demand overwhelms grocery-delivery services in Malaysia, Singapore

Online grocery-delivery services in Malaysia are facing overwhelming demand, with some firms forced to suspend or limit delivery operations.

CP Group wins Tesco Asia business for US$10.6 billion

Tesco has accepted a US$10.6 billion bid for its Asian businesses from a consortium of companies controlled by Thai billionaire Dhanin Chearavanont.

Tesco executives mull final bids for Thai, Malaysian businesses

Tesco executives and advisors will this week start evaluating offers for its Thai and Malaysian businesses following Friday’s deadline for binding offers.

Tesco quits Chinese investment

British multinational groceries and general-merchandise retailer Tesco has sold its shares in a Chinese joint venture, ending its operations in the country.

WWF ranks Malaysia’s most sustainable retailers

Tesco Stores has been named the most sustainable retailer in Malaysia with the WWF, achieving a 76-per-cent rating on the foundation’s Sustainable Retailers Scorecard.

Thai oil company PTT joins race for Tesco

Thai oil company PTT is said to be preparing to make a bid for the Tesco Asia businesses in Malaysia and Thailand.

Thai conglomerates in race to buy Tesco Asia

Two Thai billionaires are reportedly preparing bids for the Asian operations of UK grocery giant Tesco.

Tesco Asia sale plan comes under fire

A sale of the Tesco Asia business by its UK parent would prioritise shareholders over sound long-term economic strategy, says GlobalData.

Tesco mulls exiting Thailand, Malaysia

British grocer Tesco is considering exiting Asia by selling its business operations in Thailand and Malaysia after receiving an expression of interest.

Tesco Malaysia marks 60-store milestone

Tesco Malaysia has opened its 60th store, its largest in the country at more than 2000sqft, located at Wangsa Walk.

Profit soars for Tesco in Asia

Tesco in Asia has reported a 54.1-per-cent boost in operating profit to £171 million as the company accelerated its cost-saving initiatives in Thailand.

Costco China opens first store in Shanghai

US warehouse retailer Costco opened its first store in China today, against a background of a worrying trade war between the US and China and at a time the local economy is showing signs of slowing.