Britain's Tesco considers Asia exit [Reuters]
Walgreens Boots Alliance, Inc. (WBA)
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Source: Reuters
Britain's Tesco considers Asia exit LONDON (Reuters) - Britain’s biggest retailer, Tesco ( TSCO.L ), has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations. Celebrating its 100th anniversary, Tesco is five years into a UK-focused recovery plan launched by Chief Executive Dave Lewis after an accounting scandal capped a dramatic downturn in trading. In October Lewis declared Tesco’s turnaround complete and said he would step down next summer. “Tesco confirms 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,” it said in a statement on Sunday. The company said the review was at an early stage and gave no details of the approaches received. “No decisions concerning the future of Tesco Thailand or Malaysia have b
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WBA
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- 3/28/24 - Beat
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- 4/15/24 - Form 4
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- 3/28/24 - Form 3
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