Comment: Tesco’s Chinese deal exposes difficulties of BRIC entry

Tesco has focused on full or majority ownership of its businesses overseas, including in China

It might finally be time to put one of the great myths of global retailing to bed. Contrary to popular belief, the BRIC markets are actually a bit rubbish. OK, I may be oversimplifying things slightly, but this observation is certainly the case when it comes to grocery retailing.

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