Towards a sale of Central European assets, Tesco follows in Carrefour’s footsteps

According to a Financial Times article citing sources close to the matter, Tesco is exploring the sale of its subsidiaries in Hungary, the Czech Republic and Slovakia. This represents a network of 561 stores employing more than 22,000 people. As the leading European retailer in our annual barometer in terms of profitability, with a net margin ratio at 2.7% of sales, Tesco would thus put an end to 30 years of international ambitions and a strategic retreat to UK and Ireland bases. The group aims