Monday 24 March 2014

Tesco: Tata for now?


Amidst all the turbulence of its struggling international operations, that have seen Tesco leave USA, restructure its Turkish play etc;  on Friday they announced the expansion of their existing Indian service centre and franchise arrangement with Tata,  and the formation of 50:50 joint venture with Tata's  Trent Hypermarket group, to operate  12 stores across the South & West India.  


Backed with £85m of Tesco investment, it seems a mild attempt to curry favour perhaps? And with continuing speculation as to if or when India further liberalise its retail market to foreign investors, it remains to be seen whether this is a long term strategic partnership, or just Tata for now?

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