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Food Retailing / Supermarkets

Tesco to Exit Japanese Market

Selling off stores after nine years
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Published

12 years ago

on

Tesco PLC (London) is selling 50 percent of Tesco Japan to Aeon Co., Japan's largest retail group, in an effort to leave the Japanese market, The Wall Street Journal reports.

The supermarket company plans to form a joint venture with Aeon and invest $63 million, then sell the remaining 50 percent to Aeon at a later date.
 

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