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ADIB provides $54m to finance two supermarket assets in UKAbu Dhabi Islamic Bank (ADIB), a leading financial institution, has provided structured Islamic financing amounting to AED200 million ($54.4 million) for Middle East investors on two supermarket assets in the UK. The first transac More… |
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Tesco unit ends Turkey store sale talksTesco's subsidiary in Turkey has decided to hang onto some of its stores instead of selling them to rival Turkish retailer Begendik after their performance improved strongly, it said on Saturday. Begendik's chief executive More… |
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Bahrain resident finds live insects in cereal boxesA Bahrain resident has found live insects in several cereal boxes. Indian Khayyam Khan bought the Tesco-branded product from a leading supermarket in Juffair, said a report in the Gulf Daily News (GDN), our sister publication. More… |
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KKR, Carlyle vie for Tesco's S.Korea unitBritish retailer Tesco has invited at least six firms including KKR & Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters. A sale is seen as More… |
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KKR, Carlyle vie for Tesco's S.Korea unitBritish retailer Tesco has invited at least six firms including KKR & Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6 billion, people familiar with the matter told Reuters. A sale is seen as More… |
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Tesco regains ownership of 21 UK storesBritain's biggest retailer Tesco has regained sole ownership of 21 superstores in a £733 million ($1 billion) asset swap with British Land, part of new boss Dave Lewis's plan to strengthen its core UK business. Lewis More… |
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Tesco chief to quit over finance blowThe chairman of Britain's biggest grocery chain, Tesco, resigned after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britai More… |
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Tesco issues new profit warningTesco will slash its dividend and investment spending to give its new boss more firepower to rebuild Britain's biggest retailer, after a second profit warning in two months showed the scale of the task it faces. The grocer sai More… |
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Choithrams to offer 1,000 Tesco productsChoithrams, a leading UAE based supermarket chain, will introduce over 1,000 Tesco products, following an exclusive agreement with Mena Holdings Group, Tesco’s exclusive distributor of private label for the Middle East and North A More… |
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Tesco to launch own-brand smartphone this yearTesco, Britain's biggest retailer, will launch its first own-brand smartphone by the end of the year, building on the success of the Hudl tablet it launched last year, it said on Tuesday. A spokesman for the firm said the Tesc More… |
