Blog: Dean BestTesco looks east - even as Carrefour opportunity slips by

Dean Best | 13 September 2010

As I outlined in my last blog, the sale of Carrefour's stores in Malaysia, Thailand and Singapore has been attracting much interest - not least from UK retail giant Tesco.

Sir Terry Leahy told the FT last month that Tesco could be interested in the stores up for sale but, alas, reports out of Asia late on Friday (10 September) suggested the UK firm had been cut from Carrefour's shortlist of bidders.

The Wall Street Journal said the remaining bidders including Carrefour's French peer Casino and Thai retailers Central Group and Big C - in which Casino owns a part stake.

Still, Tesco seems to have plenty of irons in the fire in Asia. The Daily Telegraph reported today that the company is could open a chain of franchise c-stores overseas after a trial in South Korea.

With Philip Clarke, head of Tesco's international business, set to take the role of CEO, expect more overseas moves from the UK's largest grocer.


Sainsbury's pulls the price lever

Sainsbury's, the UK's second-largest grocer, has set out plans for lower prices on a range of products, a move announced amid signs of pressure on its market share....


Intermarche broke rules with Nutella promo, French watchdog says

The pandemonium in stores of Intermarché as shoppers scrambled to grab jars of cut-price Nutella went viral - but the country's competition watchdog has announced the French retailer broke rules on se...


Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....

Forgot your password?