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Tesco To Shed Japanese Division
U.K. retailer Tesco is seeking to offload its 129-store Japan division to exit the Japanese market.
U.K. retailer Tesco is seeking to offload its 129-store Japan division to exit the Japanese market, Bloomberg reports. The unit includes the Tsurakame, Tesco and Tesco Express.
The retailer has invested £100 million in the division. The sale is estimated to be worth £50 million to £75 million. The unit consists of 123 outlets in Greater Tokyo, including 30 Express stores, 76 supermarkets, 13 convenience stores and a Fresh Kitchen operation.
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