Editing Tesco (section)

==== 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>