Talking shop: Has Tesco been "foolhardy" in the US?
By: Petah Marian | 13 May 2011
Speculation is mounting over the future of Tesco's operations in the US. Investor Warren Buffett has described the venture as "foolhardy", while some industry watchers believe potential Californian restrictions on the sale of alcohol could be a hammer blow for business. Why has Fresh & Easy struggled so much in the US, and how likely is it that the loss-making venture will turn a profit? Petah Marian investigates.
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Speculation is mounting over the future of Tesco's operations in the US. Investor Warren Buffett has described the venture as "foolhardy", while some industry watchers believe potential Californian restrictions on the sale of alcohol could be a hammer blow for business. Why has Fresh & Easy struggled so much in the US, and how likely is it that the loss-making venture will turn a profit? Petah Marian investigates.
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