Tesco To Make Waves Across Asia After Japan Exit

摘要

UK mass grocery retail (MGR) player Tesco is ending its nineyearnstruggle in Japan by offloading its loss-making business tonJapanese MGR operator Aeon. Tesco’s decision to leave Japanncan be attributed to the retailer’s expansionary ambitions in othernhigher-growth Asian MGR markets, and its proposed divestmentnof its Japan business will very likely leave it better positioned tonpursue growth across the region.