By Luke Tugby2019-07-08T06:17:00
Tesco is preparing to fire the starting gun on an ambitious expansion plan in Thailand that will see it open 750 convenience stores over the next three years.
The plans, reported by the Mail on Sunday, would mark the supermarket giant’s first major overseas push since boss Dave Lewis took the helm almost five years ago.
Thailand is Tesco’s largest market outside the UK, raking in £4.1bn of revenue in the year to February 23.
The grocer employs more than 46,000 full-time staff in the country, across 1,965 stores operating under the Tesco Lotus fascia.
Tesco’s Asian division, which includes its Thai business, delivered a profit of £286m in 2018/19.
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