LONDON (Reuters) - The clothing brand sold by Britain's biggest retailer Tesco <TSCO.L> said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five years.Full story
Tesco is leaving the U.S., saying a number of parties are interested in buying all or part of Fresh and Easy's 200 stores, reports CNBC's Jane Wells.
LONDON (Reuters) - Britain's biggest retailer, Tesco, wrote down the value of its global operations by $3.5 billion and announced plans to exit the United States, as it sought to rebuild after a year in which profit fell for the first time in two decades. Full story
A man pushes his shopping trolley into a Tesco store in Hammersmith, west London October 3, 2012. REUTERS/Paul Hackett
Shopping trolleys are seen in front of a Tesco store in Kensington, west London in this April 19, 2011 file photo. REUTERS/Toby Melville/Files (BRITAIN - Tags: BUSINESS)
A shopper passes a Tesco supermarket in London October 5, 2011. REUTERS/Luke MacGregor
The Chief Executive of Tesco plc Philip Clarke prepares to speak during the National Farmers Union conference in Birmingham, central England February 27, 2013. REUTERS/Darren Staples (BRITAIN - Tags: ANIMALS BUSINESS POLITICS ENVIRONMENT FOOD)
The Chief Executive of Tesco plc Philip Clarke speaks during the National Farmers Union conference in Birmingham, central England February 27, 2013. REUTERS/Darren Staples (BRITAIN - Tags: ANIMALS BUSINESS POLITICS ENVIRONMENT FOOD)
