Tesco Considering Sale of Central and Eastern Europe Operations
UK supermarket chain Tesco is reportedly evaluating a potential exit from its Central and Eastern European markets, including Hungary, Czech Republic, and Slovakia. The region generates £4.5bn in revenue but contributes only £115mn to the group's adjusted operating profit of £3.15bn. This move would follow previous international divestments aimed at refocusing on core UK operations.
Topics: divestment international_operations retail