Tesco confirms plans to exit US, reports 1st loss in 20 years

04/17/2013 | Bloomberg · Guardian (London), The

Tesco will definitely exit its Fresh & Easy markets in the US during the next few months as it continues on a path to revive sales at home, although the buyer or buyers and the terms of the sale have yet to be identified, the company said Tuesday. The retailer reported its first net loss in 20 years, including a writedown of £1 billion related to exiting Fresh & Easy.

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Bloomberg · Guardian (London), The

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