More Expansion in Store for Tesco with Japan Deal

The Journal › April 28, 2004

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Summary

Supermarket giant Tesco has announced plans to boost its presence in Japan by acquiring a neighbourhood fresh food chain.

Tesco's Japanese subsidiary C2 - which already controls 77 stores - said it hoped to buy Fre'c in return for taking on 3 billion yen (pounds 16m) of the group's debt.

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Extract

More Expansion in Store for Tesco with Japan Deal

The privately-owned chain operates 27 convenienc...

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