Friday, 24 January, 2020, 8:19 PM
Home Business

Tesco considers selling Thailand, Malaysia businesses

Published : Monday, 9 December, 2019 at 4:39 PM  Count : 177

Tesco considers selling Thailand, Malaysia businesses

Tesco considers selling Thailand, Malaysia businesses


Supermarket chain Tesco, Britain’s biggest retailer, said Monday that it was looking to sell its businesses in Thailand and Malaysia.

“Tesco… confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses,” the company said in a brief statement to the London Stock Exchange, AFP reports.

“The evaluation of strategic options is at an early stage, no decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction will be concluded,” it added.

It comes as chief executive Dave Lewis prepares to step down in 2020, having overseen a major overhaul at Tesco during his five years at the helm, axing thousands of jobs as part of a massive cost-cutting programme.





GY

Related Topics

Tesco  




« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Online: 9513959, Advertisement: 9513663
E-mail: [email protected], [email protected], [email protected], [email protected],   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft