Tesco has completely withdrawn from China
Britain’s largest supermarket chain, Tesco, has withdrawn from the Chinese market – origo wrote. He sold the remaining 20 percent of the chain to his local partner, China Resources Holdings. With the deal, Tesco raised 357 million USD in capital,
Tesco has long suffered in the Chinese market. Back in 2014, the Gain Land joint venture with China Resources Holdings (CRH) that was established, to merge its 131 existing stores with the partner’s 3,000 chain stores. (origo)
Related news
Extra boost, extra low price from Tesco
New year, new life – we tell ourselves almost every…
Read more >Master Good, Nestlé Hungária, Tesco Hungary are this year’s winners
This year, Trade Magazine announced the Christmas TV Ads 2024…
Read more >Yakult to shut factory in China
Yakult plans to move the operations of the Shanghai factory…
Read more >Related news
These were the most popular tech items of 2024
This year, the interest in technology among Hungarians has not…
Read more >SPAR and the Trade Union of Commercial Employees have reached an agreement on wages for 2025
SPAR Hungary Retail Ltd. and the Trade Employees’ Union (KASZ)…
Read more >Lidl becomes a featured food chain partner of VEGANUÁR™ 2025
Lidl Hungary has become a featured food chain partner of…
Read more >