Tesco weighs exiting Malaysia and Thailand
UK multinational grocer may be shifting strategy by further retreating to its core domestic market
09 December 2019 - 19:42
London — Shares in Tesco rose more than 5% on Monday after Britain’s biggest retailer said it might sell its Asian businesses in Thailand and Malaysia, which analysts valued at up to $9bn.
Tesco said on Sunday it had begun a review of its Asian operations after receiving approaches for the businesses...
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