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==International operations== Tesco expanded its operations from the United Kingdom to 11 other countries. Tesco pulled out of the United States in 2013, but continued to see growth elsewhere. Tesco's international expansion strategy has responded to the need to be sensitive to local expectations in other countries by entering into joint ventures with local partners, such as [[Samsung Group]] in South Korea ([[Samsung-Tesco]] [[Home plus]]), and [[Charoen Pokphand]] in Thailand ([[Tesco Lotus]]), appointing a very high proportion of local personnel to management positions. It also makes small acquisitions as part of its strategy: for example, in its 2005/2006 financial year, it made acquisitions in South Korea, one in Poland, and one in Japan.<ref>{{cite web|url=http://www.tescocorporate.com/images/pressrelease_final_0.pdf |title=Tesco Preliminary Results 2006 |publisher=Tescocorporate.com |access-date=16 August 2011 |url-status=dead |archive-url=https://web.archive.org/web/20060517140701/http://www.tescocorporate.com/images/pressrelease_final_0.pdf |archive-date=17 May 2006 }}</ref> ===Operations=== The following table shows the number of stores, total store size in area, and sales for Tesco's international operations. The store numbers and floor area figures are {{as of|2012|4|18|alt=for April 2012}}.<ref>{{cite web |url= http://www.tescoplc.com/files/pdf/results/2012/prelim/prelims_2011-12_analystpack.pdf |title= 2011/12 Preliminary Results analyst pack |access-date= 18 April 2012 |archive-date= 21 May 2012 |archive-url= https://web.archive.org/web/20120521203641/http://www.tescoplc.com/files/pdf/results/2012/prelim/prelims_2011-12_analystpack.pdf |url-status= live }} {{small|(92 KB)}}</ref> {| class="wikitable sortable" style="margin:0 auto 0 auto" |- ! Country ! Entered ! Stores ! data-sort-type="number" | Area (m<sup>2</sup> (sq ft)) ! data-sort-type="number" | Mean store area (m<sup>2</sup> (sq ft)) ! data-sort-type="number" | +/- stores <br /> 2015/16 |- | Czech Republic | 1996 | 322 | 538,559 (5,797,000) | 1,673 (18,003) | 3 | {{decrease}} 3 |- | Hungary | 1994 | [[List of supermarket chains in Hungary|206]] | 678,285 (7,301,000) | 3,202 (34,439) | 2 | {{decrease}} 2 |- | Ireland | 1997 | 148 | 319,586 (3,440,000) | 2,333 (25,109) | 1 | {{decrease}} 1 |- | Slovakia | 1996 | [[List of supermarket chains in Slovakia|154]] | 336,959 (3,627,000) | 2,808 (30,225) | 7 | {{decrease}} 7 |- | United Kingdom | 1919 | 3,433 | 3,585,314 (38,592,000) | 1,205 (12,972) | 27 | {{decrease}} 27 |- class="sortbottom" style="background:#efefef;" | '''Total (not including UK)''' | | '''3,120''' | '''6,851,321 (73,747,000)''' | '''Mean: 2,029 (21,844)''' | 84 | {{increase}} 84 |- class="sortbottom" style="background:#efefef;" | '''Total (including UK)''' | | '''6,553''' | '''10,436,635 (112,339,000)''' | '''Mean: 1,643 (17,688)''' | 57 | {{increase}} 57 |} ====Czech Republic==== [[File:Tesco express prague - belehradska street.jpg|right|thumb|A local Tesco Express, known as Tesco Expres in Belehradska Street, [[Prague]], Czech Republic]] Tesco expanded to the Czech Republic in 1996 when they purchased [[Kmart]]'s local operations for $117.5 million and rebranded the stores as Tesco.<ref name="nyt-1996mar06">{{Cite news |last=<!--Staff writer(s); no by-line.--> |date=March 6, 1996 |title=Kmart Plans to Sell Czech And Slovak Stores |work=[[The New York Times]] |url=https://www.nytimes.com/1996/03/06/business/company-news-kmart-plans-to-sell-czech-and-slovak-stores.html?pagewanted=all |access-date=January 22, 2018 |archive-date=January 22, 2018 |archive-url=https://web.archive.org/web/20180122235008/http://www.nytimes.com/1996/03/06/business/company-news-kmart-plans-to-sell-czech-and-slovak-stores.html?pagewanted=all |url-status=live }}</ref><ref name="ct-1996mar05">{{Cite news |last=<!--Staff writer(s); no by-line.--> |date=March 5, 1996 |title=Kmart quits Czech and Slovak republics: Kmart Corp. is... |work=[[Chicago Tribune]] |url=https://www.chicagotribune.com/1996/03/05/kmart-quits-czech-and-slovak-republics-kmart/ |access-date=January 22, 2018 |archive-date=January 22, 2018 |archive-url=https://web.archive.org/web/20180122181631/http://articles.chicagotribune.com/1996-03-05/news/9603060157_1_kmart-corp-floyd-hall-slovak |url-status=live }}</ref> In December 2005, Tesco expanded its operations in the country by purchasing [[Carrefour]]'s local operations.<ref>{{cite web|url=https://ec.europa.eu/competition/mergers/cases/decisions/m3905_20051222_20310_en.pdf|title=Case No COMP/M.3905 – Tesco / Carrefour (Czech Republic and Slovakia)|publisher=European Commission|access-date=16 March 2025}}</ref> Tesco has been a market leader within the Czech Republic and is one of the largest supermarket chains in the country, operating over 322 stores by 2012,<ref>{{cite web|url=http://www.tescopoly.org/country/czech-republic|title=Czech Republic|access-date=18 October 2014}}</ref> upwards of 300 by 2007.<ref name="autogenerated1">{{cite web|url=http://www.tescocorporate.com/images/annual_review_and_sfs_2007_0.pdf |title=Tesco Annual Review 2007 |publisher=Tesco PLC |date=21 April 2008 |url-status=dead |archive-url=https://web.archive.org/web/20130926153759/http://www.tescocorporate.com/images/annual_review_and_sfs_2007_0.pdf |archive-date=26 September 2013 }}</ref> Tesco is also keen to expand non-food items and has already opened petrol stations and offers personal finance services in the Czech Republic.<ref>{{cite web |url = http://en.itesco.cz/en_cz/services |title = Tesco Services |publisher = Tesco Czechia |date = 21 April 2008 |url-status = dead |archive-url = https://web.archive.org/web/20090514055504/http://en.itesco.cz/en_cz/services |archive-date = 14 May 2009 |df = dmy-all }} </ref> ==== Hungary ==== [[File:Tesco Kőszeg.JPG|thumb|right|Tesco store at [[Kőszeg]], Hungary with Statue of [[Fire Salamander]], 2011]] Tesco entered Hungary in 1994 when the company purchased the Győr-based chain S-Market.<ref>https://issuu.com/industryeurope/docs/v26-5/s/14475172</ref> Currently, Tesco operates through more than 200 stores in Hungary with further openings planned.<ref name="autogenerated1" /> Tesco Hungary also offers a clothing line and personal finance services.<ref>{{cite web|url=http://www.tesco.hu/tpp-main.php?cmssessid=T62c0c8b798583512629bddae51a154bad5f2f0682cea9b6a2185c8ab4d78185 |title=Tesco Services |publisher=Tesco Hungary |date=21 April 2008 |url-status=dead |archive-url=https://web.archive.org/web/20120724161013/http://tesco.hu/tpp-main.php?cmssessid=T62c0c8b798583512629bddae51a154bad5f2f0682cea9b6a2185c8ab4d78185 |archive-date=24 July 2012 }} </ref> ==== Slovakia ==== [[File:Tesco Kamenné námestie.jpg|thumb|Tesco in [[Bratislava]], Slovakia, 2008]] Much like in the Czech Republic, Tesco entered the Slovakian market in 1996 by purchasing [[Kmart]]'s local operations.<ref name="nyt-1996mar06"/><ref name="ct-1996mar05"/> Tesco Slovakia caused controversy amongst the Slovak government when it was found to have come foul of [[food safety laws]] in 2006.<ref>{{cite news|url=http://www.cee-foodindustry.com/news/ng.asp?id=67411-tesco-cee-slovakia |title=Tesco falls foul of Slovak government |publisher=cee food industry |date=2 May 2006 |url-status=dead |archive-url=https://web.archive.org/web/20060625093529/http://cee-foodindustry.com/news/ng.asp?id=67411-tesco-cee-slovakia |archive-date=25 June 2006 }}</ref> In April 2010 the first Tesco Extra in Central Europe opened in [[Bratislava]] – [[Petržalka]], Slovakia as part of a pilot project for Tesco in the region, including the first self-service cash flow in Central Europe. There are currently seven Tesco Extra stores in Slovakia – three in Bratislava and one each in [[Zvolen]], [[Trnava]], [[Banská Bystrica]] and [[Spišská Nová Ves]].<ref>{{cite news |url=https://tesco.sk/akciove-ponuky/letaky-a-katalogy/zoznam-predajni/|title=Tesco obchody na Slovensku |publisher=tesco slovakia}}</ref><ref>{{cite news |url=http://corporate.itesco.sk/tlacova-sprava.html?id=302 |title=First Tesco Extra in East of Slovakia|publisher=tesco slovakia |date=22 February 2012|access-date=22 June 2012|archive-date=20 May 2013|archive-url=https://web.archive.org/web/20130520130125/http://corporate.itesco.sk/tlacova-sprava.html?id=302 |url-status=live}}</ref> ==== Ireland ==== {{Main|Tesco Ireland}} Tesco first operated in the Irish grocery market in the early 1980s, selling its operations there in March 1986.<ref>{{Cite news |title= Tesco withdraws from Ireland |work=The Guardian |publisher=Guardian Newspapers |date=27 March 1986}}</ref> Tesco re-entered the Irish market in 1997 after the purchase of Power Supermarkets Ltd. It now operates from 154 stores across Ireland. Like Tesco stores in the UK, these offer a home delivery shopping service available to 80% of the Irish population as well as petrol, mobile telephone, personal finance, flower delivery service, and a weight-loss programme.<ref>{{cite web|url=http://www.tesco.ie/online-shopping-ireland.html |title=Food and Grocery Shopping, Tesco Ireland |publisher=Tesco Ireland |date=21 April 2008 |url-status=dead |archive-url=https://web.archive.org/web/20090321085151/http://www.tesco.ie/online-shopping-ireland.html |archive-date=21 March 2009 }}</ref> Tesco's loyalty programme, Clubcard, is offered in the country. Tesco had approximately 21% of the Irish grocery market in 2019 and its main competitors are [[Dunnes Stores]] and [[SuperValu (Ireland)|SuperValu]].<ref>{{Cite web|title=Ireland: Grocery market share 2019|url=https://www.statista.com/statistics/534106/grocery-market-share-ireland/|access-date=6 April 2021|website=Statista|language=en|archive-date=2 February 2021|archive-url=https://web.archive.org/web/20210202215953/https://www.statista.com/statistics/534106/grocery-market-share-ireland/|url-status=live}}</ref> Tesco Ireland claims to be the largest purchaser of Irish food with an estimated €1.5 billion annually. Tesco Ireland operates a number of Tesco Extra hypermarkets in Ireland, with Clarehall Extra on the [[R107 road|Malahide Road]] being the first to open in 2006. Tesco's largest hypermarket store in Europe, with a floorspace of {{convert|18500|m2|sqft|abbr=on}}, opened in [[Dundalk]] in [[County Louth]] in November 2010.<ref>{{cite news |url=http://www.tesco.ie/corporate_info/abouttesco.htm |title=About Tesco Ireland |publisher=Tesco Ireland |access-date=28 May 2006 |archive-date=27 April 2006 |archive-url=https://web.archive.org/web/20060427002058/http://www.tesco.ie/corporate_info/abouttesco.htm |url-status=live }}</ref> The country's [[newspaper of record]] the ''[[Irish Times]]'' in April 2011 said that "Increasingly, Ireland is being viewed as a provincial backwater by the parent company – albeit a very profitable little backwater – and all the strategic decisions are being taken in the UK.<ref>{{cite news|title=Every little helps Tesco improve its bottom line|url=http://www.irishtimes.com/newspaper/finance/2011/0401/1224293541885.html|access-date=26 August 2012|newspaper=The Irish Times|date=4 April 2011|author=The Irish Times}}</ref> In 2008 Tesco opened its first eco store in Tramore, County Waterford. It is expected to use 45% less energy than other Tesco supermarkets of similar size.<ref>{{cite web|url=http://www.tesco.ie/press/Tramore.html |title=Tesco Ireland Media Centre |publisher=Tesco.ie |access-date=18 April 2013}}</ref> ==== Spain, Portugal, and Gibraltar ==== Tesco supplies six stores in Spain, Portugal, and Gibraltar that operate under the name "The Food Co.". Operations started in 2019 with the first store opening in Puerto de Mazarrón located in the Murcia province of Spain. One other store opened in the Algarve, Portugal in 2019 followed by four more in 2020, in Gibraltar, Ibiza, Mijas (Málaga), and Quesada (Alicante). All 7,500 products stocked originate from Britain. The Web site stated in 2020 "With more stores coming in Spain & Portugal", but had not been updated {{As of|2023|9|lc=y}}.<ref>{{Cite web|title=About|url=https://www.thefoodco.es/about-us|date=25 February 2020<!--from page source-->|access-date=7 January 2021|website=The Food Co.|archive-date=25 September 2022|archive-url=https://web.archive.org/web/20220925222055/https://www.thefoodco.es/about-us|url-status=live}}</ref> ==== India ==== Tesco has had a limited presence in India with a service centre in [[Bangalore]], and outsourcing.<ref>{{cite web |url=http://www.financialexpress.com/news/Tesco-raises-sourcing-from-India-to--230-m/712253/ |title=Tesco raises sourcing from India to £230 m |work=The Financial Express |date=17 November 2010 |access-date=20 December 2010 |archive-date=27 September 2013 |archive-url=https://web.archive.org/web/20130927150239/http://www.financialexpress.com/news/Tesco-raises-sourcing-from-India-to--230-m/712253 |url-status=live }}</ref> In 2008 Tesco announced its intention to invest an initial £60m ([[US$]]115m) to open a wholesale cash-and-carry business based in Mumbai with the assistance of the [[Tata Group]].<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/7555530.stm |title=Tesco planning venture in India |work=BBC News |date=12 August 2008 |access-date=29 December 2010 |archive-date=20 October 2010 |archive-url=https://web.archive.org/web/20101020111437/http://news.bbc.co.uk/2/hi/business/7555530.stm |url-status=live }}</ref> In 2014, the joint venture between Tesco and Tata was confirmed, where investment by the earlier was reportedly 140 million dollars, thus becoming the first foreign supermarket to enter the country. The stores operate under the banner Star Bazaar and Star Daily supermarkets.<ref>{{cite news|author=James Davey|title=Tesco confirms joint venture with Tata in India|url=https://www.reuters.com/article/us-tesco-india-idUSBREA2K0U020140321|publisher=Reuters India|date=21 March 2014|language=en-IN|archive-date=20 June 2017|archive-url=https://web.archive.org/web/20170620141723/http://in.reuters.com/article/tesco-india-tata-idINDEEA2K0A920140321|url-status=live}}</ref> ==== Pakistan ==== On 16 February 2017 Tesco announced a wholesale partnership with Limestone Private Limited, owner of the Alpha Superstores chain. This involved an exclusive partnership which would see Tesco products stocked across Alpha Supermarket stores within Pakistan.<ref>{{cite web |url=http://uk.reuters.com/article/uk-pakistan-tesco-idUKKBN15V1DM |title=Tesco tests waters in Pakistan with Alpha Supermarkets tie-up |work=Reuters |date=16 February 2017 |access-date=27 February 2017 |archive-date=27 February 2017 |archive-url=https://web.archive.org/web/20170227233315/http://uk.reuters.com/article/uk-pakistan-tesco-idUKKBN15V1DM |url-status=dead }}</ref> ===Former international operations=== ===Former operations=== {| class="wikitable sortable" style="margin:0 auto 0 auto" |- ! Country ! Entered ! Exited ! Stores ! data-sort-type="number" | Area (m<sup>2</sup> (sq ft)) ! data-sort-type="number" | Mean store area (m<sup>2</sup> (sq ft)) |- | France | 1993 | 2010 | 92 at peak, 1 from 1997 to 2010 | 173,279 (1,870,000) | 937 (10,108) |- | Japan | 2003 | 2012 | 121 | 36,790 (396,000) | 304 (3,273) |- | Malaysia | 2002 | 2021 | 71 | 350,988 (3,778,000) | 7,800 (83,956) |- | Poland | 1995 | 2020 | 429 | 827,394 (8,906,000) | 2,008 (21,617) |- | South Korea | 1999 | 2015 | 458 | 1,166,026 (12,551,000) | 2,546 (27,404) |- | Thailand | 1998 | 2021 | 1,914 | 1,192,039 (12,831,000) | 1,092 (11,750) |- | Turkey |2003 |2016 |191 |337,052 (3,628,000) |2,277 (24,514) |- | United States | 2007 | 2013 | 185 | 173,279 (1,870,000) | 937 (10,108) |} ==== China ==== In September 2004, Tesco acquired a 50% stake in the Hymall chain from [[Ting Hsin]]. In December 2006 it raised its stake to 90% in a £180 million deal.<ref name="hemscott2006">{{cite web|url=http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=38141457174563&ir_client_id=622|title=TESCO Extends Partnership in China|publisher=London Stock Exchange's Regulatory News Service|date=12 December 2006|access-date=17 December 2006|archive-date=13 July 2007|archive-url=https://web.archive.org/web/20070713035319/http://miranda.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=38141457174563&ir_client_id=622|url-status=live}}</ref> In 2007, Tesco began opening new stores under its name in the country, beginning with [[Beijing]].<ref>{{Cite web|url=https://www.theguardian.com/business/2006/dec/13/china.supermarkets|title=Tesco spends £180m to take control of Chinese joint venture|first=Jonathan|last=Watts|date=13 December 2006|via=The Guardian}}</ref> In its peak, most of their stores were based around [[Shanghai]]. Tesco had a large store in Weifang, Shandong province, and a further two-floor store in Taizhou, Jiangsu province. Tesco had been increasing its own brand products into the [[Economy of China|Chinese market]] as well as introducing the Tesco Express format.<ref>{{cite news|url=http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article3671705.ece|title=Tescco Express rolls into China|work=The Times|location=UK|date=21 April 2008|access-date=21 April 2008|archive-date=7 September 2008|archive-url=https://web.archive.org/web/20080907084044/http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article3671705.ece|url-status=dead}}</ref> In August 2013, Tesco announced that they were in talks to merge their Chinese operations with the state-run China Resources Enterprise (CRE) to create a joint venture, which would combine their 131 stores with CRE's nearly 3,000 outlets. The venture was officially announced on 2 October with Tesco holding a 20% stake<ref>{{Cite web|url=https://www.tescoplc.com/tesco-and-cre-to-create-the-leading-multi-format-retailer-in-china/#:~:text=Following%20the%20announcement%20on%209,leading%20multi%2Dformat%20retailer%20in|title=Tesco and CRE to create the leading multi-format retailer in China}}</ref> and was closed in May 2014.<ref>{{cite news|url=https://www.bbc.co.uk/news/business-27615404|title=Tesco and China Resources Enterprise reach retail deal|work=BBC News|access-date=18 October 2014|archive-date=26 September 2014|archive-url=https://web.archive.org/web/20140926030414/http://www.bbc.co.uk/news/business-27615404|url-status=live}}</ref> In February 2020, Tesco announced it would completely exit the Chinese market and sell its 20% stake in the venture to CRE for £275 million.<ref>{{cite news|url=https://www.reuters.com/article/us-tesco-china/tesco-completes-china-exit-with-357-million-stake-sale-idUSKCN20J0UF|title=Tesco completes China exit with $357 million stake sale|work=Reuters|location=US|date=25 February 2020|access-date=25 September 2022|archive-date=25 September 2022|archive-url=https://web.archive.org/web/20220925222054/https://www.reuters.com/article/us-tesco-china/tesco-completes-china-exit-with-357-million-stake-sale-idUSKCN20J0UF|url-status=live}}</ref> ==== France ==== In 1992, Tesco invested 72% in French retailer [[Catteau]], which operated a chain of 92 stores<ref>{{cite web |url=https://www.theguardian.com/business/2014/oct/23/tesco-timeline-the-highs-and-lows |title=Tesco timeline - the highs and lows of the UK's biggest retailer |date=Jan 15, 2015 |language=en |access-date=2019-09-15 |website=[[The Guardian]]}}</ref> in NE France under the Cedico, Hyper Cedico and Cedimarche banners. In December 1997, Tesco announced the sale of Catteau to [[Promodès]] following major profit losses and to focus more on its then-new Central Europe division.<ref>{{Cite web|url=https://www.heraldscotland.com/news/12349075.retailer-bites-the-bullet-with-catteau-disposal-tesco-to-sell-french-unit/|title=Retailer bites the bullet with Catteau disposal Tesco to sell French unit|date=8 December 1997|website=The Herald}}</ref> Also in 1997, Tesco opened up a store named "Vin Plus" in [[Calais]] which mostly sold wine, beer, and spirits.<ref>{{Cite web|url=https://www.thegrocer.co.uk/news/tescos-wine-testbed-at-calais-refurbished/84844.article|title=Tesco's wine testbed at Calais refurbished|website=The Grocer}}</ref> On 19 June 2010, Tesco announced that the store would close permanently at the end of August, citing the decline of the [[booze cruise]] as the reason.<ref>{{cite news |url=http://news.bbc.co.uk/1/hi/uk/10356727.stm |publisher=BBC News |title = UK firms shut French stores as 'booze cruise' declines |date=19 June 2010 |access-date=17 July 2010}} </ref> ==== Hong Kong ==== In April 2015, Tesco entered into a joint-venture with [[China Resources Vanguard]] to operate a range of convenience stores entitled "[[U Select]]".<ref>{{Cite web|url=http://www2.hkej.com/instantnews/market/article/1065959|title=信報即時新聞 -- 【品牌洞察】華潤與樂購合併也吃不了中國的菜|website=信報即時新聞|access-date=2016-06-12|archive-date=2015-06-24|archive-url=https://web.archive.org/web/20150624030724/http://www2.hkej.com/instantnews/market/article/1065959|url-status=dead}}</ref> ==== India ==== Tesco has had a limited presence in India with a service centre in [[Bangalore]], and outsourcing.<ref>{{cite web|url=http://www.financialexpress.com/news/Tesco-raises-sourcing-from-India-to--230-m/712253/|title=Tesco raises sourcing from India to £230 m|publisher=The Financial Express|date=17 November 2010|access-date=20 December 2010}}</ref> In 2008, Tesco announced their intention to invest an initial £60m ($115m) to open a wholesale cash-and-carry business based in Mumbai with the assistance of the [[Tata Group]].<ref>{{cite news|url=http://news.bbc.co.uk/2/hi/business/7555530.stm|title=Tesco planning venture in India|publisher=BBC News|date=12 August 2008|access-date=29 December 2010}}</ref> In 2014, the joint venture between Tesco and Tata was confirmed, where investment by the earlier was reportedly 140 million dollars, thus becoming the first foreign supermarket to enter the country. The stores are now operated under the banner Star Bazaar and Star Daily supermarkets.<ref>{{cite news|author1=James Davey|author2=Kate Holton|title=Tesco confirms joint venture with Tata in India|url=http://in.reuters.com/article/tesco-india-tata-idINDEEA2K0A920140321|archive-url=https://web.archive.org/web/20170422035600/http://in.reuters.com/article/tesco-india-tata-idINDEEA2K0A920140321|url-status=dead|archive-date=22 April 2017|website=Reuters India|date=21 March 2014|language=en-IN}}</ref> ==== Japan ==== Tesco had an interest in entering the Japanese market as early as 2000.<ref>{{Cite web|url=https://www.investorschronicle.co.uk/content/d3cd9968-5afd-5c67-a8a9-4cc6197fc2a0|title=Tesco buys C Two-Network - Investors' Chronicle}}</ref> In June 2003, Tesco announced that it would purchase C Two-Network for £139 million. C Two-Network owned a Japanese supermarket chain called Tsurukame, which had 78 mid-sized stores based within Tokyo.<ref>{{Cite web|url=https://www.thegrocer.co.uk/news/tesco-gets-entry-into-japan/85900.article|title=Tesco gets entry into Japan|website=The Grocer}}</ref> In April 2004, Tesco announced that it would purchase the bankrupt supermarket chain Fre'c. These stores, also based within Tokyo, would be folded under C-Two Network and rebranded under the Tsurukame name, expanding Tesco's operations in the country to 104 stores.<ref>{{Cite web|url=https://www.theguardian.com/business/2004/apr/28/supermarkets.japan|title=Tesco buys bankrupt Japanese store chain|first=Julia|last=Finch|date=28 April 2004|via=The Guardian}}</ref><ref>{{cite news |first=Justin |last=McCurry |title=Tesco pedals cautious path in Japan |url=https://www.theguardian.com/business/2004/jun/01/japan.supermarkets |work=The Guardian |date=1 June 2004 |access-date=31 August 2011 |location=London |archive-date=28 August 2013 |archive-url=https://web.archive.org/web/20130828022438/http://www.theguardian.com/business/2004/jun/01/japan.supermarkets |url-status=live }}</ref><ref>{{cite web|url=https://web.archive.org/web/20081007064107/http://www.tesco-japan.com/c2info/other/2004/20040816.pdf|title=シートゥーネットワーク、フレック買収を完了|access-date=20 April 2025}}</ref> An additional eight stores were added in October 2005 when Tanekin Supermarket was purchased.<ref>{{Cite web|url=https://web.archive.org/web/20071014013340/http://www.tesco-japan.com/aboutus/|title=About us|date=14 October 2007|website=web.archive.org}}</ref> In April 2007, C-Two Network opened up its first Tesco Express store in Japan, intending to open up 35 new Tesco and Tsurukame stores by 2008.<ref>{{Cite web|url=https://www.bloomberg.co.jp/news/articles/2007-04-25/JH3NPX07NBB501|title=英テスコ:テスコ・ブランドの日本初店舗がオープン、首都圏で展開|date=25 April 2007|website=Bloomberg.com}}</ref> In September, C Two-Network Co, Ltd. was renamed to Tesco Japan Co, Ltd.<ref>{{Cite web|url=https://web.archive.org/web/20070930062304/http://www.tesco-japan.com/|title=Tesco Japan|date=30 September 2007|website=web.archive.org}}</ref> and later launched a range of software.<ref name="autogenerated1"/> In December 2009, the first Tesco supermarkets opened in the country.<ref>{{Cite web|url=https://web.archive.org/web/20100526105016/http://www.tesco-japan.com/eng|title=Tesco Japan Co., Ltd.|date=26 May 2010|website=web.archive.org}}</ref> By August 2011, 29 supermarkets were in operation.<ref>{{Cite web|url=https://web.archive.org/web/20110629033645/http://www.tesco-japan.com/tesco/store/|title=Tesco store|date=29 June 2011|website=web.archive.org}}</ref> In August 2011, Tesco announced that it would exit the Japanese market and sell a 50% stake of Tesco Japan to [[ÆON (company)|ÆON]] for £40 million.<ref>{{cite news |title=Tesco bids sayonara to 'unscalable' Japan business |url=https://www.bbc.co.uk/news/business-14728099 |work=BBC News |publisher=BBC |date=31 August 2011 |access-date=31 August 2011 |archive-date=31 August 2011 |archive-url=https://web.archive.org/web/20110831171911/http://www.bbc.co.uk/news/business-14728099 |url-status=live }}</ref> It was revealed that only half of Tesco Japan's stores in [[Greater Tokyo Area]] were making a profit and that the market share in the country was never above 1 percent.<ref name="Tesco pays £40m to exit Japan">{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9338182/Tesco-pays-40m-to-exit-Japan.html|title=Tesco pays £40m to exit Japan|date=18 June 2012|work=The Telegraph|access-date=18 October 2014|archive-date=25 October 2014|archive-url=https://web.archive.org/web/20141025131903/http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9338182/Tesco-pays-40m-to-exit-Japan.html|url-status=live}}</ref> In December 2012, ÆON purchased out the remainder stake in Tesco Japan for a minimal 1 yen share and became a fully-owned subsidiary.<ref>{{Cite web|url=https://web.archive.org/web/20150923214048/http://www.dfonline.jp/articles/-/7325|title=経営|【イオン】 来年1月1日付けでテスコジャパンに50%出資、社長を派遣|DFオンライン(DFonline)|ダイヤモンド・フリードマン社の小売・流通ビジネス情報サイト|date=23 September 2015|website=web.archive.org}}</ref> In March 2013, Tesco Japan Co, Ltd. was renamed ÆON Every Co, Ltd.<ref>{{cite web|url=https://web.archive.org/web/20130710145217/http://www.aeonevery.co.jp/newsrelease/pdf/company.pdf|title=「イオンエブリ株式会社」に社名変更|access-date=20 April 2025}}</ref> with all Tesco branded stores rebranded under the Acore name.<ref>{{Cite web|url=http://www.sji.gr.jp/contents/sjw/bn_archive/130527.html|title=バックナンバー742号|website=www.sji.gr.jp}}</ref> At the end of March 2014, ÆON Every's remaining stores were closed or sold, and the company ceased operations.<ref>{{Cite web|url=https://web.archive.org/web/20140407074728/http://www.aeonevery.co.jp/|title=ようこそイオンエブリのホームページへ - イオンエブリ|date=7 April 2014|website=web.archive.org}}</ref> ==== Malaysia ==== [[File:Tesco_Extra_Desa_Tebrau.jpg|thumb|Tesco Extra in [[Johor Bahru]], [[Malaysia]], 2019]] In December 2000, Tesco entered into a joint venture with trading conglomerate [[Sime Darby|Sime Darby Berhad]] to operate Tesco-branded Hypermarkets in Malaysia. Tesco would own 70% of the venture, while Sime Darby would own 30%.<ref>{{Cite web|url=https://www.just-food.com/news/uk-tesco-plc-re-joint-venture/|title=UK: Tesco PLC Re Joint Venture|date=15 December 2000}}</ref> The first hypermarket opened in May 2002 in [[Puchong]], [[Selangor]] with intentions to open 13 stores in five years.<ref>{{Cite web|url=https://www.upi.com/Business_News/2001/11/28/UK-Tesco-enters-Malaysia-market/76651006955657/|title=UK Tesco enters Malaysia market - UPI.com|website=UPI}}</ref> In December 2006, Tesco purchased the local operations of Dutch supermarket chain [[Makro]] for £80 million and rebranded them under the Tesco Extra name.<ref>{{Cite web|url=https://www.fruitnet.com/fresh-produce-journal/tesco-expands-in-malaysia/140321.article|title=Tesco expands in Malaysia|first=Emma|last=Twyning |date=2006-12-07 |website=Fruitnet}}</ref><ref>{{Cite news|title=Tesco says buys Makro Malaysia stores|url=https://www.reuters.com/article/makro-tesco-idUKKLR30735820061206|website=[[Reuters]]|date=20 January 2007 |access-date=20 January 2007}}</ref> By 2012, Tesco Malaysia operated 49 stores that were branded under the Tesco and Tesco Extra names.<ref>{{cite web|title=Other Businesses|url=http://www.simedarby.com/Other_Businesses.aspx|publisher=Sime Darby|access-date=26 August 2012|author=Sime Darby|year=2011|url-status=dead|archive-url=https://web.archive.org/web/20120905033750/http://www.simedarby.com/Other_Businesses.aspx|archive-date=5 September 2012}}</ref> In April 2013, Tesco Malaysia launched the Grocery Home Shopping Service, where it delivered groceries ordered via the Internet to consumers, with no minimum purchase imposed.<ref>{{cite web|url=http://www.btimes.com.my/Current_News/BTIMES/articles/tesko/Article/|title=Tesco sees good returns from online service|work=New Straits Times|access-date=3 April 2013|archive-date=5 April 2013|archive-url=https://web.archive.org/web/20130405014138/http://www.btimes.com.my/Current_News/BTIMES/articles/tesko/Article|url-status=live}}</ref> In February 2015, Tesco Malaysia expanded to the convenience store market and opened up their first Tesco Ekspres store.<ref name="Tesco Pernama">{{cite news|url=http://minimeinsights.blogspot.my/2016/04/slowdown-in-tesco-stores-malaysia.html|title=Mini Me Insights: Slowdown in Tesco Stores (Malaysia) revenue, focusing on two growth drivers|date=17 April 2016|work=Mini Me Insights|access-date=13 June 2016|archive-url=https://web.archive.org/web/20160807200527/http://minimeinsights.blogspot.my/2016/04/slowdown-in-tesco-stores-malaysia.html|archive-date=7 August 2016|url-status=dead}}</ref> In March 2020, Tesco announced that they would sell Tesco Malaysia to the Thailand-based [[Charoen Pokphand|Charoen Pokphand Group]] for US$10.6bn, including debt; in a deal that also included the Thailand operations.<ref name="financierworldwide.com">{{Cite web|url=https://www.financierworldwide.com/fw-news/2020/3/10/tesco-sells-malaysian-and-thai-assets-to-charoen-for-106bn|title=Tesco sells Malaysian and Thai assets to Charoen for $10.6bn|website=Financier Worldwide|date=10 March 2020|language=en-US|access-date=3 April 2020|archive-date=22 January 2021|archive-url=https://web.archive.org/web/20210122185355/https://www.financierworldwide.com/fw-news/2020/3/10/tesco-sells-malaysian-and-thai-assets-to-charoen-for-106bn|url-status=live}}</ref> In April, Sime Darby agreed to sell their 30% stake in Tesco Malaysia to Charoen Pokphand and Tesco for RM300 million.<ref>{{Cite web|url=https://www.nst.com.my/business/2020/04/586651/sime-darby-sells-tesco-rm300m|title=Sime Darby sells Tesco for RM300m | New Straits Times|date=22 April 2020|website=NST Online}}</ref> After the deals closed, the chain was rebranded as [[Lotus's]].<ref name="therakyatpost.com">{{Cite web|title=Lotus's Officially Takes Over Tesco Stores Today, All You Need To Know – TRP|url=https://www.therakyatpost.com/news/malaysia/2021/03/31/lotuss-officially-takes-over-tesco-stores-today-all-you-need-to-know/|access-date=2 April 2021|website=therakyatpost.com|date=31 March 2021 |archive-date=31 March 2021|archive-url=https://web.archive.org/web/20210331103930/https://www.therakyatpost.com/2021/03/31/lotuss-officially-takes-over-tesco-stores-today-all-you-need-to-know/amp/|url-status=live}}</ref> ==== Pakistan ==== On 16 February 2017 Tesco announced a wholesale partnership with Limestone Private, owner of the Alpha Superstores chain. This involved an exclusive partnership which would see Tesco products stocked across Alpha Supermarket stores within Pakistan.<ref>{{cite web|url=http://uk.reuters.com/article/uk-pakistan-tesco-idUKKBN15V1DM|archive-url=https://web.archive.org/web/20170216131132/http://uk.reuters.com/article/uk-pakistan-tesco-idUKKBN15V1DM|url-status=dead|archive-date=16 February 2017|title=Tesco tests waters in Pakistan with Alpha Supermarkets tie-up|publisher=Reuters|date=16 February 2017|access-date=27 February 2017}}</ref> ==== Poland ==== [[File:POL Prokocim Tesco.jpg|thumb|Tesco in [[Kraków]], Poland, 2006]] In 1995, Tesco entered the Polish market after acquiring the local chains Minor, Madex, and Savia. The company opened its first hypermarket in Wrocław Bielany in 1998.<ref>{{Cite web|url=https://businessinsider.com.pl/finanse/handel/historia-i-koniec-dzialalnosci-tesco-w-polsce/1dnr4sk|title = Goodbye, Tesco! Tak wyglądała historia brytyjskich sklepów w Polsce|date = 20 June 2020}}</ref> At the height of its operations in Poland the company operated from over 450 various format stores as well as an online shopping service.<ref>{{cite web|url=http://www.tesco-polska.pl/en/about-us/history|title=Tesco Poland – History|access-date=18 October 2014}}</ref> In November 2019, having suffered years of net losses and despite extensive cost-cutting and attempts at streamlining its business model, Tesco announced it would exit the Polish market and sell its entire operations.<ref name=":0">{{Cite web|url=https://www.wirtualnemedia.pl/artykul/tesco-polska-wystawione-na-sprzedaz-hipermarkety-przegrywaja-z-dyskontami-opinie|title=Tesco Polska wystawione na sprzedaż. 'Hipermarkety przegrywają z dyskontami' (opinie)|last=Goczał|first=Beata|date=22 Nov 2019|website=www.wirtualnemedia.pl|language=pl|access-date=2019-11-22}}</ref> In June 2020, the [[Salling Group]] announced they had acquired Tesco Poland's operations, consisting of 301 stores and two logistics centers for £181 million.<ref>{{Cite web|url=https://www.reuters.com/article/idUSKBN23P0TF/|title=Tesco sells Polish business for £181 million|work=Reuters |access-date=18 June 2020}}</ref> After the sale, Salling announced they would close 58 stores and rebrand the remaining 243 as [[Netto (store)|Netto]], of which it would expand Netto's Polish operations to over 700 stores.<ref>{{Cite web|url=https://www.money.pl/gospodarka/netto-przejmuje-tesco-polska-6522724721813121a.html|title = Netto przejmuje Tesco Polska| date=18 June 2020 }}</ref><ref>{{Cite web|url=https://www.discountretailconsulting.com/post/poland-250-netto-transformed-of-301-tesco-stores-and-2-dcs-cost-us-176-million|title=Poland: 250 Netto transformed of 301 Tesco stores and 2 DCs. Cost: US$176 million|website=discountretailconsulting.com|date=27 March 2022 |access-date=27 March 2022}}</ref> The rebranding and closures were done in phases, with the last stores closing on 28 October 2021.<ref>{{Cite web|title=Transformacja sklepów Tesco {{!}} Tesco|url=https://tesco.pl/transformacja-tesco|access-date=2021-10-14|website=tesco.pl|language=pl}}</ref> ==== South Korea ==== {{main|Homeplus}} In April 1999, Tesco entered into a 51-49% joint venture with [[Samsung C&T Corporation]] entitled Tesco-Samsung, with the latter's supermarket chain [[Homeplus]] merging under it. Over the years, Tesco became the majority owner of the business.<ref name="auto">{{Cite web|url=https://news.mt.co.kr/mtview.php?no=2011022714211921084&outlink=1|title=삼성테스코 '삼성' 떼고 '홈플러스'로|date=27 February 2011|website=머니투데이}}</ref> By 2008, they held Tesco held 94% of the shares in the venture.<ref name=reuters>{{Cite news |url=http://uk.reuters.com/article/idUKSEO28008020080514 |title=E-Land in talk to sell stores to Tesco South Korea unit |work=Reuters |date=14 May 2008 |access-date=16 April 2010 |archive-date=6 August 2023 |archive-url=https://web.archive.org/web/20230806194154/https://www.reuters.com/?edition-redirect=uk |url-status=dead }}</ref> It was the second largest retailer in South Korea, just behind [[Shinsegae|Shinsegae Group]].<ref name=reuters /> On 14 May 2008, Tesco agreed to purchase 36 hypermarkets with a combination of food and non-food products from [[E-Land]] for $1.9 billion (£976 million) in its biggest single acquisition, making Tesco the second largest in the country. A majority of the E-Land stores formerly belonged to French retailer [[Carrefour]] before 2006, and most of the stores were converted to Homeplus outlets. By that time, Homeplus had 66 outlets.<ref>{{Cite news |url=http://uk.reuters.com/article/mergersNews/idUKSEO28065320080514 |title=Tesco to buy 36 S.Korean stores |date=14 May 2008 |work=Reuters |access-date=14 May 2008 |archive-date=5 July 2008 |archive-url=https://web.archive.org/web/20080705051856/http://uk.reuters.com/article/mergersNews/idUKSEO28065320080514 |url-status=dead }}</ref><ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/7399957.stm |title=Tesco set to grow in South Korea |work=BBC News |date=14 May 2008 |access-date=6 January 2010 |archive-date=18 May 2008 |archive-url=https://web.archive.org/web/20080518000223/http://news.bbc.co.uk/1/hi/business/7399957.stm |url-status=live }}</ref> In February 2011, The Tesco-Samsung venture was renamed as Homeplus Co, Ltd.<ref name="auto"/> and in July, Samsung C&T sold their remaining 5.32% stake to Tesco, making Homeplus a fully owned subsidiary.<ref>{{Cite web|url=https://www.fnnews.com/news/201107102202516491?t=y|title=홈플러스,삼성서 완전 분리|date=10 July 2011|website=파이낸셜뉴스}}</ref> In September 2015, Tesco announced that it would sell Homeplus to [[MBK Partners]], a South Korean buyout firm, which partnered with a Canadian pension fund and Singapore's [[Temasek Holdings]] in a transaction worth 4.2 billion pounds.<ref>{{cite news|access-date=7 September 2015|date=7 September 2015|title=Tesco sells South Korea stores for £4bn|url=https://www.bbc.com/news/business-34171937|newspaper=[[BBC News]]|archive-date=8 September 2015|archive-url=https://web.archive.org/web/20150908051520/http://www.bbc.com/news/business-34171937|url-status=live}}</ref> ==== Taiwan ==== Tesco entered the Taiwanese market in 2000. The chain struggled to survive a saturated market led by other supermarket chains and in September 2005, Tesco announced it would pull out of the market and sell its operations to [[Carrefour]] in exchange for their stores in the Czech Republic and Slovakia. Both companies stated that they would focus their efforts on countries with strong market positions.<ref>{{Cite web|url=https://www.taipeitimes.com/News/biz/archives/2005/10/01/2003274021|title=Carrefour to take over Tesco\'s shops - Taipei Times|date=1 October 2005|website=www.taipeitimes.com}}</ref> ==== Thailand ==== [[file:TescoLotus.jpg|right|thumb|Tesco Lotus Hypermarket in [[Pathum Thani]], Thailand, 2021]] In 1998, Tesco entered Thailand when they purchased a stake in the Lotus Supercenter chain from [[Charoen Pokphand]] in the midst of the [[1997 Asian financial crisis]].<ref>{{Cite web|url=https://mgronline.com/business/detail/9630000022223?fbclid=IwAR0wn7vI7IVwskyN008rJbj0t5ze2eg_LrD21H6GEiAC657m5PMhdxG9_7w|title=ย้อนตำนานวงการค้าปลีกไทย กำเนิดโลตัส สู่การผลัดมือ (อีกครั้ง)|date=5 March 2020|website=mgronline.com}}</ref> Renamed to Tesco Lotus Supercenter and later simply Tesco Lotus, The two companies operated Tesco Lotus under a joint-venture known as Ek-Chai Distribution. In February 2004, Tesco owned 90% in the business and planned on purchasing out Charoen Pokphand's remaining stake.<ref>{{Cite web|url=https://www.foodnavigator.com/Article/2004/02/10/Tesco-planning-Lotus-expansion/|title=Tesco planning Lotus expansion|date=10 February 2004|website=FoodNavigator.com}}</ref> By 2009, Tesco Lotus operated 380 stores, claiming to serve 20 million customers every month and that 97% of its goods were sourced from Thailand.<ref>{{cite web|url=http://www.tescolotus.net/company/keyfact.asp |title=Key facts about Tesco Lotus |publisher=Tesco Lotus |date=21 April 2008 |url-status=dead |archive-url=https://web.archive.org/web/20090303200433/http://www.tescolotus.net/company/keyfact.asp |archive-date=3 March 2009 }} </ref> By March 2013, the Thailand operations were generating £3 billion in revenues and was one of Tesco's largest businesses outside of the UK.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9963749/Tesco-goes-head-to-head-with-Thailands-wet-markets.html|title=Tesco goes head-to-head with Thailand's wet markets|date=31 March 2013|work=The Telegraph|access-date=18 October 2014|archive-date=23 October 2014|archive-url=https://web.archive.org/web/20141023142123/http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9963749/Tesco-goes-head-to-head-with-Thailands-wet-markets.html|url-status=live}}</ref> In 2014, Tesco Lotus expanded to the convenience store market with 365, aiming to compete with [[Family Mart]] and [[7-Eleven]] in the country.<ref>{{Cite web|url=https://www.fruitnet.com/asiafruit/first-tesco-thai-convenience-store/160581.article|title=First Tesco Thai convenience store|first=Emily|last=French |date=2014-01-30 |website=Fruitnet}}</ref> In March 2020, Tesco announced that it would sell Tesco Lotus back to Charoen Pokphand for US$10.6bn, including debt; in a deal that also included Tesco's Malaysian operations.<ref name="financierworldwide.com"/> After the deal closed, Tesco Lotus was renamed as [[Lotus's]].<ref name="therakyatpost.com"/> ==== Turkey ==== [[File:Kipacigli.jpg|thumb|Kipa Extra store in [[Çiğli]], [[İzmir Province|İzmir]], Turkey, 2023]] In November 2003, Tesco announced its entry into the Turkish market by purchasing a stake in the [[Kipa (supermarket)|Kipa]] supermarket chain for £75/£80 million.<ref>{{Cite web|url=https://www.theguardian.com/business/2003/nov/12/turkey.supermarkets|title=Tesco's forays take it to Turkey|first=Jill|last=Treanor|date=12 November 2003|via=The Guardian}}</ref> Talks between the two businesses of a possible merger were signalled as early as 2002.<ref>{{Cite web|url=https://www.just-food.com/news/turkey-uk-tesco-acquires-turkish-hypermarket-chain-kipa/|title=TURKEY/UK: Tesco acquires Turkish hypermarket chain Kipa|date=11 November 2003}}</ref> The business was renamed Tesco Kipa and began opening stores using the standard Tesco trading pattern as in the UK. In March 2006, the first Kipa Ekspres convenience stores opened in the country.<ref>{{cite web|url=https://www.tescoplc.com/media/nkughjgf/tescokipa_2006.pdf|title=Tesco Investors Presentation|publisher=Tesco|access-date=21 April 2025}}</ref><ref>{{cite web|url=http://www.tescoplc.com/index.asp?pageid=372|title=Tesco PLC - About us - Our businesses - Tesco Kipa - Tesco in Turkey|work=Tesco plc|access-date=18 October 2014|archive-date=28 September 2014|archive-url=https://web.archive.org/web/20140928213822/http://www.tescoplc.com/index.asp?pageid=372|url-status=live}}</ref> By December 2008, Tesco Kipa operated 100 stores.<ref>{{Cite web|url=https://www.just-food.com/news/turkey-tesco-opens-100th-kipa-store/|title=TURKEY: Tesco opens 100th Kipa store|date=5 December 2008}}</ref> The first Kipa Extra store opened in October 2010.<ref>{{cite web|url=https://www.tescoplc.com/media/cksjq52x/tesco_kipa_-_tesco_in_europe_2011.pdf|title=Tesco Kipa – Turkey|date=1 June 2011|publisher=Tesco|access-date=21 April 2025}}</ref> In February 2014, Tesco considered selling a stake in the business to [[BC Partners]], the then-owners of [[Migros Türk]], although the talks were held off in May.<ref>{{Cite web|url=https://www.theguardian.com/business/2014/may/27/tesco-turkey-kipa-partner-talks-collapse|title=Tesco fails to secure partner for Turkey Kipa chain|first=Sarah|last=Butler|date=27 May 2014|via=The Guardian}}</ref> In June 2016, Tesco announced that they would exit Turkey and sell its 95.5% stake in Tesco Kipa to Migros Türk.<ref>{{cite news |title=Tesco sells Turkish subsidiary Kipa to Migros |newspaper=[[Daily Sabah]] |url=http://www.dailysabah.com/money/2016/06/09/tesco-sells-turkish-subsidiary-kipa-to-migros |date=8 June 2016 |accessdate=10 June 2016}}</ref><ref>{{cite news|url=https://www.reuters.com/article/us-tesco-kipa-migros-sale-idUSKCN0YW0FV|title=Tesco's Turkish unit sells 95.5 percent of its shares to Migros|date=10 June 2016|work=Reuters|access-date=15 February 2023|archive-date=13 June 2016|archive-url=https://web.archive.org/web/20160613122923/http://www.reuters.com/article/us-tesco-kipa-migros-sale-idUSKCN0YW0FV|url-status=live}}</ref> The sale was completed in February 2017.<ref>{{Cite news|url=http://www.cityam.com/260088/tesco-completes-sale-its-kipa-business-turkey|title=Tesco completes sale of its Kipa business in Turkey|last=Cahill|first=Helen|date=2017-03-01|access-date=2018-05-18|language=en}}</ref><ref>{{Cite web|url=http://www.hurriyetdailynews.com/competition-authority-approves-acquisition-of-tesco-kipa-by-migros-109574|title=Competition authority approves acquisition of Tesco Kipa by Migros|website=Hürriyet Daily News|language=en|access-date=2018-05-18}}</ref> ==== United States ==== {{Main|Fresh & Easy}} Tesco entered the United States grocery market in 2007 through the opening of a new chain of convenience stores, named [[Fresh & Easy]], on the West Coast (Arizona, California, and Nevada).<ref>{{cite web|url=http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB |title=Tesco to enter United States |access-date=13 March 2006 |url-status=dead |archive-url=https://web.archive.org/web/20060414194208/http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB |archive-date=14 April 2006 }}</ref> The company established its U.S. headquarters in [[El Segundo, California]],<ref>{{cite web|url=http://www.elsegundo.net/upscale-british-retailer-moving-into-south-bay-12-09-2006.html|title=Upscale British retailer moving into South Bay, retrieved July 20, 2007|url-status=dead|archive-url=https://web.archive.org/web/20070829040803/http://www.elsegundo.net/upscale-british-retailer-moving-into-south-bay-12-09-2006.html|archive-date=August 29, 2007|df=mdy-all}}</ref> and the first store opened in [[Hemet, California]] in November 2007, with 100 more planned in the first year; a store opening every two-and-a-half days.<ref>{{Cite web|url=http://www.offmarketnnn.com/blog/off-market-fresh-easy-los-angeles-ca-sold|archive-url=https://web.archive.org/web/20150106081310/http://www.offmarketnnn.com/blog/off-market-fresh-easy-los-angeles-ca-sold|url-status=dead|title=First Fresh & Easy Grocery Store Trades post bankruptcy|archive-date=January 6, 2015}}</ref> The chain proved to be a financial failure for Tesco, and in September 2013, the company announced that they would sell the chain and 150 of its stores to private equity firm [[Yucaipa Companies]] in September 2013.<ref name="easy sale">{{cite news |url=https://www.bbc.co.uk/news/business-24040346 |title=Tesco offloads loss making Fresh & Easy chain |work=BBC News |publisher=BBC |date=10 September 2013 |access-date=10 September 2013 |archive-date=10 September 2013 |archive-url=https://web.archive.org/web/20130910191859/http://www.bbc.co.uk/news/business-24040346 |url-status=live }}</ref> The [[BBC]] reported that the remaining 50 stores were expected to close.<ref name="easy sale" /> The deal included Tesco loaning the venture £80m and retaining an option to buy back a stake in the business if Yucaipa succeeded in turning around the group's performance.<ref name="easy sale"/> Fresh & Easy filed for [[Chapter 11, Title 11, United States Code|Chapter 11 Bankruptcy]] at the beginning of October.<ref>{{Cite web|url=https://www.financierworldwide.com/fresh-easy-placed-into-bankruptcy-protection|title=Fresh & Easy placed into bankruptcy protection|website=Financier Worldwide}}</ref> The chain failed to make a change under new ownership, and in October 2015 it was announced that all remaining stores would close.<ref>{{Cite web|title=Fresh & Easy Announces Closures, Liquidation of Remaining Stores, Including Those in Long Beach|url=https://lbpost.com/news/fresh-easy-announces-closures-liquidation-of-remaining-stores/|access-date=12 March 2021|website=lbpost.com|date=22 October 2015|archive-date=2 June 2021|archive-url=https://web.archive.org/web/20210602212338/https://lbpost.com/news/fresh-easy-announces-closures-liquidation-of-remaining-stores/|url-status=live}}</ref> The chain collapsed into bankruptcy the following week, the second in two years. Following this, the remainder of the chain was liquidated.<ref>{{cite web|url=https://www.wsj.com/articles/grocer-fresh-easy-files-for-bankruptcy-protection-1446210250|title=Grocer Fresh & Easy Files for Bankruptcy Protection|work=The Wall Street Journal|date=October 30, 2015|access-date=November 1, 2015}}</ref>
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