Tesco can withdraw from the U.S. market

Britain's biggest retailer, supermarket Tesco, looked on course to withdraw from its struggling U.S. business Fresh & Easy as chief executive Philip Clarke on Wednesday said its presence would likely end.

“It's likely, but not certain, that our presence in America will come to an end,” Clarke told reporters, as Tesco said it was launching a strategic review of Fresh & Easy, which may lead to a sale of the business.

Tesco is the third largest supermarket chain in the world in terms of turnover, after the French Carrefour and U.S.  Wal-Mart. (Népszabadság Online, MTI)