Tesco Archives - Inside Retail Asia
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.
Online grocery-delivery services in Malaysia are facing overwhelming demand, with some firms forced to suspend or limit delivery operations.
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 and advisors will this week start evaluating offers for its Thai and Malaysian businesses following Friday’s deadline for binding offers.
British multinational groceries and general-merchandise retailer Tesco has sold its shares in a Chinese joint venture, ending its operations in the country.
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 is said to be preparing to make a bid for the Tesco Asia businesses in Malaysia and Thailand.
Two Thai billionaires are reportedly preparing bids for the Asian operations of UK grocery giant Tesco.
A sale of the Tesco Asia business by its UK parent would prioritise shareholders over sound long-term economic strategy, says GlobalData.
British grocer Tesco is considering exiting Asia by selling its business operations in Thailand and Malaysia after receiving an expression of interest.
Tesco Malaysia has opened its 60th store, its largest in the country at more than 2000sqft, located at Wangsa Walk.
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.