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Tesco

Tesco and British Land in pound 650 mn joint venture

Tesco has announced a 50:50 property joint venture with British Land, already a partner in several other property transactions. The agreement is for a term of 20 years with an early termination option in 2017.The £650-million deal will generate...

Top Brass of the Industry register with indiaretailing.com

Top brass of the India retail industry have registered as members with indiarertailing.com. The portal was launched by Union Minster of Commerce and Industry Mr. Kamal Nath, at Udyog Bhavan on 9th January 2007.The portal is ten days old...

Tescos rail distribution environmentally beneficial

Tesco is said to be the first UK retailer to come out with its rail distribution initiative, a purpose-built freight train.The train was launched in September last year under a three-year contract with haulier Eddie Stobart. This train is...

Tesco talks with Tata retail

TESCO, Britain’s largest grocer and world’s third largest supermarket chain, is in talks with Tata to form a strategic JV. Tesco had earlier lost to Wal-Mart in forming a partnership with Bharti enterprise. It is looking to expand in...

TESCO banned from buying Carrefour assets by Slovakia government

According to a new development, Tesco will not be able to buy the Carrefour assets in Czech Republic. In an official statement, the Slovakian Antimonopoly Office has said that it has banned Tesco from buying Carrefour hypermarkets in the...

TESCO to Acquire Makro Outlets in Malaysia

The Malaysian government has given its approval to TESCO to purchase 8 strong Makro cash & carry network.According to the Minister of Domestic Trade and Consumer Affairs Datuk Mohd Shafie Apdal this will usher a healthy consolidation of the...

Charges Against ASDA/TESCO/PRIMARK

The UK based ‘Charity War on Want’ in a report has alleged that workers who are involved in manufacturing merchandise for Tesco, Asda and Primark are being paid as little as USD0.09, an hour. The report says that the three...
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Latest News

Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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