Business · 3 hours ago
Tesco keeps only Hungary after selling Czech and Slovak businesses
Globetrotter19 via Wikimedia Commons (CC-BY-SA-4.0)
Tesco is offloading its Czech and Slovak supermarkets in a £1.5bn deal to double down on its home markets. The move leaves Hungary as its sole remaining continental outpost, though a heavy 4.5 per cent tax on foreign retailers leaves its future uncertain. The grocer has retreated from more than a dozen international markets over recent years under boss Ken Murphy.
Reported by City AM · How we write briefs