Reaction: Tesco reveals Japan exit strategy

Tesco revealed today it will exit Japan in two stages, the first of which involves selling 50% of the operation to Japan’s largest retailer Aeon for a “nominal sum”

Tesco revealed today it will exit Japan in two stages, the first of which involves selling 50% of the operation to Japan’s largest retailer Aeon for a “nominal sum”. The grocer will then form a joint venture with Aeon and will invest a further £40m into the business to finance ...

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