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• Tesco SKorea to buy discount chain for 1.86 bln dlrs

  - 2008-05-14

  SEOUL AFP — The South Korean unit of British giant Tesco said Wednesday it has agreed to buy debt-stricken discount retail chain Homever for 1.86 billion dollars. Samsung Tesco Homeplus president Lee Seung-Han said the acquisition of the 35 Homever stores, owned by fashion retailing group E-Land, would cost...

  Tags: Agence France-Presse, FINANCE, Investment, SALES, Samsung Electronics Co. Ltd., Tesco

• Prince Andrew opens store in crime-ridden LA district

  - 2008-02-08

  LOS ANGELES AFP — Britain's Prince Andrew formally opened a new supermarket in one of Los Angeles' most notorious districts on Thursday, cutting the ribbon on a store in crime-ridden Compton. The prince, 47, presided over a ceremony to mark the opening of a grocery store owned by the...

  Tags: Agence France-Presse, Manufacturing, Tesco

• Tesco plans south China expansion

  - 2007-04-18

  BEIJING AFP — British retailer Tesco PLC has set up a South China headquarters in the city of Guangzhou, to help boost the group's presence in that wealthy part of the country, state media reported Thursday. The group already has three stores in southern China, out of 47 in...

  Tags: Agence France-Presse, China, Retail, Tesco

• Tesco raises stake in Chinese joint venture

  - 2006-12-12

  LONDON AFP — The supermarket group Tesco, Britain's biggest retailer, said it has paid about 350 million dollars (264 million euros) to raise its stake in its Chinese joint venture with Ting Hsin to 90 percent from 50. Tesco signed an agreement in September 2004 with Ting Hsin for a...

  Tags: Agence France-Presse, China, FINANCE, Manufacturing, Retail, Tesco

• Britain's Tesco enters software market

  - 2006-10-02

  LONDON AFP — British supermarket giant Tesco, the country's biggest retailer, has unveiled plans to sell its own range of computer software. The software -- designed to compete with US technology titans Microsoft, Symantec and McAfee -- will include tools for personal finance, CD and DVD burning, photo editing, as...

  Tags: Agence France-Presse, Retail, software, Tesco

• Tesco talks to enter Indian retail market to close by Oct 10: report

  - 2006-09-11

  NEW DELHI AFP — British supermarket giant Tesco and local holding firm Bharti Enterprises are to wrap up talks that would bring the first overseas grocery chain to Indian consumers, a report has said. "Planning is underway and a team is carrying out extensive research and is testing various models,"...

  Tags: Agence France-Presse, FINANCE, India, Investment, NETWORKING, Telephony, Tesco

• British supermarket Tesco mulls bid for Polish stores

  - 2006-07-09

  LONDON AFP — Tesco, Britain's biggest retailer, is considering an 800-million-euro (1.026-billion-dollar) bid for the Polish retail arm of French rival Casino. Tesco and French supermarket group Carrefour are reportedly looking at buying parts of Casino -- particularly the Polish stores, The Business newspaper said on Sunday, citing sources...

  Tags: Agence France-Presse, Casino, Retail, supermarket, Tesco

• Britain's Tesco sees first-half profits rise almost 19 percent

  - 2005-09-20

  LONDON AFP — Tesco, the biggest British supermarket chain, posted an 18.7-percent increase in interim pre-tax profits and gave an upbeat outlook for the rest of the year. Tesco -- whose tills ring up one pound in every eight spent by shoppers in Britain -- said it has delivered...

  Tags: Agence France-Presse, SALES, Tesco

• Britain's Tesco sees record profits break 2.0-billion-pounds barrier

  - 2005-04-12

  LONDON AFP — Tesco, the country's biggest supermarket chain, posted record annual results, with underlying pre-tax profits breaking the 2.0-billion-pound barrier for the first time in British retail history. Tesco's underlying profit, which exclude certain one-off costs, climbed 20.5 percent to 2.029 billion pounds (2.956 billion euros, 3.840 billion...

  Tags: Agence France-Presse, barrier, supermarket, Tesco

• European stocks fall amid British retail news

  - 2005-04-12

  LONDON AFP — European stock markets dropped in early trading, after US stocks skidded lower overnight, amid a batch of news from the British retail sector, dealers said. The London FTSE 100 index fell 0.20 percent to 4,963.20 points, the Frankfurt DAX 30 lost 0.11 percent to 4,391.24 points...

  Tags: Agence France-Presse, FINANCE, Investment, London, stock, Tesco