Tesco remains committed to expansion in Thailand despite no clear sign of an economic recovery.
The grocer – which trades under the Tesco Lotus banner in Thailand – plans to open five or six hypermarkets and 40 Express outlets in the present financial year.
Tesco Lotus chief executive Steve Hammett said around Bt7bn (£124.7m) will be invested this year, creating up to 4,000 jobs. He said: “We haven’t seen evidence of economic recovery for this year. However, the situation has stopped getting worse – a good sign.”
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