Tesco has completely withdrawn from China
Britain’s largest supermarket chain, Tesco, has withdrawn from the Chinese market – origo wrote.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
Black Friday deals at the largest domestic chains: Lidl, Tesco, Spar and many others
Black Friday fever will not leave customers and retail chains…
Read more >Social commerce predicted to reach $1 trillion by 2028
A new study forecasts skyrocketing growth for the social commerce…
Read more >The customer is the important to everyone, everywhere, at all times – We were learning together (Business Days 2024 Part 1)
Wednesday morning of the Business Days conference, the topic was…
Read more >Related news
A new chapter has opened in the history of Pizza Hut: The restaurant chain can be renewed based on the Hungarian model
On September 12, the ribbon was cut on Pizza Hut’s…
Read more >150 million bottles, jars and aluminum cans have already been returned in Lidl stores
Lidl Hungary has reached a milestone in its new return…
Read more >Style rethought – Hungaria sparkling wine has been renewed!
Hungaria, one of Hungary’s most popular bottle-fermented sparkling wine brands,…
Read more >