Tesco considering selling Thailand, Malaysia businesses

09 Décembre, 2019, 18:10 | Auteur: Auguste Feret
  • Tesco is five years into a recovery plan launched after an accounting scandal capped a dramatic downturn in trading

Analysts continue to be sceptical of the move as Thailand has a lot of growth potential because of increasing urbanisation and a withdrawal from the market might hit the company's overall profits.

Tesco shares jumped on Monday after the supermarket said it may sell its operations in Malaysia and Thailand as part of a strategic review. The stock was at 192p at the start of the year.

At a capital markets day in June, Tesco had said it was well placed to grow in Asia, particularly in Thailand, citing an opportunity for 750 new convenience stores over the "medium-term".

Operating nearly 1967 stores in Thailand and almost 74 in Malaysia, in the name of Tesco Lotus, the plausible shut down will affect the lives of many families.

Asia is a jewel in the Tesco crown, so any purchase would have to involve "substantial monetary sums" and could result in "a material distribution to shareholders" according to Shore Capital, although the broker also points out a disposal would also leave Britain's biggest retailer "devoid of a growth piston in its engine".

Tesco, like some counterparts, has been shrinking overseas to focus on its home market, where it is combating discount grocers and online competitors such as Amazon.com Inc.

Zoo d’Amnéville: refusé à la déchetterie, le cadavre d’un ours polaire tronçonné
Un salarié soupçonne avoir transporté " d'autres animaux à Aboncourt et notamment un lion mort ". Il ajoute que les soigneurs du parc " n'étaient pas très heureux de voir ça ".

Hoosiers off to Jacksonville, land in Gator Bowl vs Tennessee
The teams have played 36 times and IN holds an 18-17-1 advantage, but they haven't played since 2005. The Music City Bowl will be played on December 30 at 4 p.m.at the Nissan Stadium in Nashville.

Russia Banned From All Global Sports Including 2022 FIFA World Cup
The WADA athletes are among a number of athlete groups that say the full ban is what is needed. If it does so, the appeal will be referred to the Court of Arbitration for Sport (Cas).

Tesco has shed several businesses around the world in recent years.

Bruno Monteyne, at Bernstein - himself a former Tesco executive - said: "A valuation of £6.5 billion to £7.2 billion seems a fair valuation for an unsolicited proposal".

Celebrating its 100th anniversary, Tesco is five years into a recovery plan launched after an accounting scandal capped a dramatic downturn in trading. In October Lewis declared Tesco's turnaround complete and said he would step down next summer.

Previous retreat of 2015 took place when Dave Lewis sold the south Korean business of Tesco.

If the sale does not go ahead it means the company will be left with stores in the United Kingdom and Ireland, and unprofitable division in central Europe. unit that includes the Czech Republic, Hungary, Poland and Slovakia.



Les vendeurs étrangers coupables d'une fraude "massive" à la TVA — E-commerce
Grâce à cette directive, les plateformes comme Amazon deviendront redevables de la TVA pour leurs vendeurs en ligne. Ce sera le cas en particulier pour les transactions des fournisseurs établis hors de l'UE.

Boris Johnson en opération séduction
Il s'est une nouvelle fois engagé à le réaliser sans faute le 31 janvier, date à laquelle il est désormais prévu après trois reports depuis son vote par 52% des Britanniques lors du référendum de 2016.

Champions Cup: Leinster 43 Northampton 16
But the hosts then had their purple patch, and Ahsee Tuala scored their only try of the day. They sent out a statement of intent, as James Lowe went over in the second minute.

Jean-Luc Reichmann fait des révélations sur "Zette"
Coté audiences, le divertissement de la mi-journée a séduit une moyenne de 3.35 millions de téléspectateurs entre 11h55 et 12h15. Il assure que "non" il n'a pas fait exprès de perdre, après 153 participations! En tant que grand joueur, je ne peux pas.

Union exec Marvin Miller elected to Baseball Hall of Fame
Both were elected as part of Modern Era ballot, one of the Hall of Fame's annual committee votes that re-examines players.

Peaceful Hong Kong march marred by fire outside court
Most railway and transport links ran smoothly during the morning rush hour and there were no reports of widespread disruptions. It has since morphed into calls for greater democratic freedoms and sometimes violent protests.

Nawazuddin Siddiqui's sister passes away at 26
On the work front, Nawazuddin Siddiqui was last seen in Sacred Games 2 and Motichoor Chaknachoor alongside Athiya Shetty. They say the best things in life are free! Make a request for these channels from your Cable, DTH or HITS operator.

Les héros se rassemblent pour l'ultime trailer de Crisis on Infinite Earths
Autant d'idées qui n'ont pas pu être incluses dans les cinq épisodes télévisés par manque de temps ou de budget. Bientôt la phase 2 de l'Arrowverse? Et bien pas vraiment.

Saudi Arabia ends gender-segregated entrances for restaurants
On Sunday, the Saudi ministry of municipalities said that restaurants would no longer need to maintain sex-segregated entrances. Across Saudi Arabia , the norm has been that unrelated men and women are not permitted to mix in public.

National Basketball Association career-high for Simmons in Sixers rout
While Simmons downplayed his need to develop a three-point shot before the season, it's clear he worked on it this offseason. Per Rich Hofmann of The Athletic, Brown wants his star playmaker to get comfortable with the idea of shooting 3-pointers.