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Tesco’s turnaround appears to have been sealed with the supermarket giant recording its fastest sales growth in three years, industry data has shown. The UK’s biggest supermarket, which has been gradually returning to health since boss Dave Lewis took the…
Tesco Malaysia has partnered with online grocery platform HappyFresh to expand its capacity and capability to fulfill online orders. Shoppers are offered more than 12,000 products, including the grocery group’s private labels, while fresh produce is selected…
A group of 130 former employees at VK Garment Factory in Thailand are suing the supermarket and auditing specialists Intertek. The workers, represented by law firm Leigh Day in the UK, claimed that they were paid up to £4 a day, working seven days a week, and…
After Brexit became a reality, UK mobile operators were quick to promise that roaming charges for calls and data from within EU countries will not make a return. But, after the EU Trade Deal was finalized in 2021, it seems things changed. EE was first to cave…
Tesco has become the latest retailer to open a checkout-free store in the UK. Replacing traditional tills with high-tech cameras, weight sensors, and a mobile app, the supermarket giant is launching its first high street store trial, called GetGo, in London…
Tesco announced it has met all conditions for the £8bn ($10.8bn) sale of its businesses in Thailand and Malaysia, which means its shareholders can soon expect a £5bn payout. Selling around 2,000 stores in Thailand and 74 in Malaysia to Thai conglomerate CP…
Thailand’s competition regulator has given the nod for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns. The $10.6 billion sale to Thailand’s biggest conglomerate was first flagged in March…
British grocery retailer Tesco and Indian conglomerate Tata have invested another US$8.9 million into their joint venture Trent Hypermarket. The move marks the first major capital investment in the business by the partners in two years, and comes on the heels…
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. In results released overnight, Tesco reported a profit of £426 million, and a margin of…
Tesco has accepted a US$10.6 billion bid for its Asian businesses from a consortium of companies controlled by Thai billionaire Dhanin Chearavanont. The deal, which remains subject to regulatory approval and Tesco Group shareholder approval, will be completed…
Tesco executives and advisors will this week start evaluating offers for its Thai and Malaysian businesses following Friday’s deadline for binding offers. However, with the asset valued somewhere in the region of US$9 billion, there is no certainty any of the…
British multinational groceries and general merchandise retailer Tesco has sold its shares in a Chinese joint venture, ending its operations in the country. According to Retail Gazette, the firm’s 20-per-cent shareholding in the Gain Land business has now…
Thai oil company PTT is said to be preparing to make a bid for the Tesco Asia businesses in Malaysia and Thailand. The firm’s retail unit, which also owns the rapidly growing Cafe Amazon chain, will join local retailer Central Group and conglomerate Charoen…
Two Thai billionaires are reportedly preparing bids for the Asian operations of UK grocery giant Tesco. Citing “people with knowledge of the matter”, Bloomberg has reported that Charoen Pokphand Group, owned by Dhanin Chearavanont, and the Chirathivat…
Thai Retailers Association members have stopped providing customers with plastic bags as a ban took effect on January 1. A campaign titled Every Day Say No to Plastic Bags run by Thai Retailer Association will stop its 75 member chains from giving away…
A sale of the Tesco Asia business by its UK parent would prioritize shareholders over sound long-term economic strategy, says GlobalData. Over the weekend, Tesco announced it had received an expression of interest from an unnamed party to acquire the Tesco…
