UK supermarket giant Tesco plans to buy out the remaining stake in its Thai subsidiary Tesco Lotus Supercentre.
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Charoen Pokphand Group will reduce its stake in Tesco Lotus from 7% to less than 5% this year.
Tesco already owns more than 90%, and said that the move to take overall control affirms its long-term commitment to Thailand in the wake of the current bird flu virus, reported Thai News Service.
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Free Whitepaper
What is the impact of historically high inflation on the UK consumer landscape?
- Why has global inflation returned with a vengeance?
- What is the current inflation situation in the UK?
- What impact is inflation having on UK retail sales?
- What tactics are businesses relying on to tackle the effects of high inflation?
- How are consumers changing their behaviors to cope with the higher cost of living?
- Which industry sectors are most vulnerable to reduced consumer demand?
- How is the government responding to high inflation?
- How long will high inflation last in the UK?
- How can your company survive and thrive in a high inflation environment?
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