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Wednesday
Aug172011

Tesco to Pull out of Japan

Posted on DateWednesday, August 17, 2011

Tesco has failed to crack the Japanese market and announced that it will cease operations at its loss making Japanese arm. The strategic move was brought by Philip Clarke, the new chief executive. Tesco have 129 stores in Tokyo that are now up for sale. The move brings speculation over the future of the company’s loss-making US division as Tesco may be looking to exit from other markets.

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