tesco plans to leave thailand

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yartims
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tesco plans to leave thailand

Post by yartims » December 9, 2019, 12:25 am

https://www.telegraph.co.uk/business/20 ... -prepares/

tesco could sell its operations in Malaysia and Thailand as part of a strategic review, as the retail giant prepares for a new boss to take the reins.

Britain’s largest supermarket chain is considering the future more than 2,000 stores in the south-east Asian countries after approaches from potential buyers.

In a statement, Tesco said that following “inbound interest”, it has “commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses”.

The Asian operations could be worth as much as $9bn (£6.8bn), according to reports.


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Drunk Monkey
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Re: tesco plans to leave thailand

Post by Drunk Monkey » December 9, 2019, 8:22 am

Shock horror ..WTF will.i get my essentials .. i love thase small rural Tesco extra branches

Cant see it happening mithing mentioned to my business colleague at MBS and he imports lots of products for them .
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FrazeeDK
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Re: tesco plans to leave thailand

Post by FrazeeDK » December 9, 2019, 10:39 am

Sell to a another huge business conglomerate which will change the name and keep all the stores. Much like when Carrefour sold out to Big C a few years ago and the stores were merely re-branded..
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Giggle
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Re: tesco plans to leave thailand

Post by Giggle » December 9, 2019, 10:44 am

It's a perfect world? Why would anyone want to leave? ;)

bamakmak
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Re: tesco plans to leave thailand

Post by bamakmak » December 9, 2019, 8:55 pm

Giggle wrote:
December 9, 2019, 10:44 am
It's a perfect world? Why would anyone want to leave? ;)
I can think of 9 billion reasons (6.8 billion if you're a Brit)

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stattointhailand
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Re: tesco plans to leave thailand

Post by stattointhailand » December 9, 2019, 9:12 pm

Giggle wrote:
December 9, 2019, 10:44 am
It's a perfect world? Why would anyone want to leave? ;)
Thats easy ........ Brexit =;

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Re: tesco plans to leave thailand

Post by pal52 » December 10, 2019, 8:47 am

Tesco stores in Thailand make more profit than the UK Stores.
They are considering selling only if the un-named 3rd Party makes a very good offer to buy them out.

https://www.msn.com/en-gb/money/news/te ... ?li=AA54rU

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parrot
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Re: tesco plans to leave thailand

Post by parrot » December 10, 2019, 9:15 am

The article says "considering", the title of the thread says "plan". That's two different things to me.

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