Tesco to sell its Polish store business

Tesco to sell its Polish store business

Tesco has announced the sale of its 301-store business in Poland to Salling Group A/S for a total of £181 million. The sale includes Tesco’s associated distribution centres and head office,  with total net proceeds expected to be approximately £165 million. Tesco says...
Tesco suffers significant costs due to Covid-19

Tesco suffers significant costs due to Covid-19

Tesco said it is “incurring significant additional costs” as the company tries to deal with the impact of the ongoing Covid-19 pandemic. In a statement released alongside its preliminary results for the financial year ending 29th February 2020, the supermarket said...