Tesco sells Kipa
Tesco has decided to sell Turkey’s market leader retail chain Kipa, in which the British retailer has a 95.5-percent share. Tesco is expected to get GBP 30 million for their shares from the buyer, Migros. Tesco CEO Dave Lewis told: they had also decided to sell the 57-unit restaurant chain Giraffe (acquired three years ago for GBP 49 million) to Boparan, the company that operates Harry Ramsden restaurants.
Related news
In Turkey, retail sales growth slowed in May on an annual basis
In Turkey, retail sales growth in May was 5.8 percent,…
Read more >Tesco is introducing a new type of point-of-sale advertising tool in Hungary
On June 21, at the first Tesco Media Supplier Forum…
Read more >Consumer price inflation slowed in Turkey in June
In Turkey, both annual and monthly inflation slowed down in…
Read more >Related news
Private brands make record gains in first half of year
Private label products reached new heights in the first half…
Read more >Müller updates packaging to increase accessibility for blind shoppers
Müller is updating the packaging of all branded products with…
Read more >Recent research: almost half of Hungarians do not use sun protection cream, and moreover, they do not avoid the sun in the midday hours either
According to a recent, representative research, only 8 percent of…
Read more >