Tesco seeks buyer for Asian businesses

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14 January 2020 à 17h15

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Publication: 14 January 2020 à 17h15

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Tesco is Britain’s biggest retailer by sales with US$75.3 billion annual revenue in the year to February 2019. This is a rise of 11.3% and includes the Booker merger. The firm operates 6,767 stores worldwide. In December 2019 the grocer announced a review of options for Asian businesses located in Thailand (1,967 stores under Tesco Lotus Brand) and Malaysia (74 stores). This was prompted by an approach from a buyer. Tesco is seeking bids for Asian assets with a potential value of US$9 billion,

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