SUBMIT PICTURE: A firm logo design is visualized outside a Tesco grocery store in Altrincham north England, April 16,2016 REUTERS/Phil Noble/File Picture
LONDON (Reuters) – Britain’s greatest grocery store chain Tesco (TSCO.L) stated on Sunday it had actually begun an evaluation of its companies in Thailand as well as Malaysia, consisting of checking out a feasible sale.
Commemorating its 100 th wedding anniversary, Tesco is 5 years right into a recuperation strategy released after a bookkeeping detraction covered a remarkable recession in trading.
Tesco stated in a declaration that “complying with incoming passion, it has actually begun an evaluation of the critical alternatives for its companies in Thailand as well as Malaysia, consisting of an examination of a feasible sale of these companies.”
It stated the examination went to a beginning as well as “there can be no guarantee that any type of purchase will certainly be wrapped up.”
” An additional statement will certainly be made if as well as when suitable,” Tesco included.
In June, Tesco stated it was well put to expand in Asia, especially in Thailand, where it sees a chance for 750 brand-new corner store over the “tool term”.
Coverage by William James; Modifying by Edmund Blair