Tesco likely to quit the U.S., focus closer to home

12/5/2012 | Bloomberg · Guardian (London), The

Tesco is exploring options for its U.S.-based Fresh & Easy chain, and will likely exit the business entirely and focus resources on reviving the retailer's U.K. business, CEO Phil Clarke said Wednesday. Fresh & Easy hasn't turned a profit since its 2007 launch, and Tim Mason, the executive who runs the operation, will leave Tesco after 30 years.

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Bloomberg · Guardian (London), The

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