Tesco has completely withdrawn from China
Britain’s largest supermarket chain, Tesco, has withdrawn from the Chinese market – origo wrote.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
Shopper Park Plus Plc. acquired a retail park portfolio in Slovakia
Shopper Park Plus Plc. (SPP) has acquired a Tesco-centric retail…
Read more >Tesco creates collaborative platform to end menstrual poverty
Tesco announced the creation of a platform dedicated to eradicating…
Read more >China’s consumer price index fell in February for the first time in over a year
China’s consumer price index fell for the first time in…
Read more >Related news
Wholesale price growth in Germany slowed on a monthly basis, but accelerated on an annual basis in February
In Germany, wholesale price growth slowed down on a monthly…
Read more >Balance and beauty in everyday life – Balance by Béres Alexandra products are now available at Rossmann
Alexandra Béres’ Balance brand debuted at Rossmann with new beauty…
Read more >Auchan stores will celebrate Consumer Protection Day on March 14th
Auchan Hungary organized World Consumer Protection Day in its stores…
Read more >