Tesco Archives - Inside Retail Asia
Tesco’s Asian business returns 33.5-per-cent profit in final full year
Tesco’s Asian business achieved a 33.5-per-cent increase in operating profit last year, the last full trading year before it is sold to Thailand’s Charoen Pokphand group.
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.