Tesco looks to South Korea

For fresh fruit and vegetable marketing and distribution in Asia
Carl Collen

BY CARL COLLEN

Tesco looks to South Korea

The UK retailer will invest US$1.9bn in expanding its Korean operations

Tesco looks to South Korea

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UK retailer Tesco is set to purchase 36 stores from E-Land in South Korea, according to Reuters, for an estimated US$1.9bn in a bid to further expand its Asian operations. Tesco's finance and strategy director Andrew Higginson called the deal "a terrific strategic opportunity to be equal number one in the market".

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