Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for US$6.1 billion, it said on Monday, as the British supermarket retreats from foreign markets to focus on ...

LONDON/SEOUL (Reuters) - Tesco is selling its South Korean arm to a group led by private equity firm MBK Partners for $6.1 billion, it said on Monday, as the British supermarket retreats from foreign ...

Tesco has completed the sale and leaseback of several Homeplus stores in South Korea, netting the retailer around GBP300m (US$476m). Tesco said yesterday (23 August) that it has successfully concluded ...

Tesco Homeplus in South Korea has opened what it claims is the world’s first virtual store in Seoul subway, following an initial trial in July. Using the walls of the Seonreung subway station in ...

SEOUL - Tesco Homeplus is expanding its trial of ground breaking virtual stores, to 20 bus stops in Seoul. CANNES - Cheil Worldwide Seoul continues to win big at Cannes with its 'Homeplus Subway ...

Tesco Plc finally managed to open a near-3,000 sq meter super store in South Korea, its largest market outside Britain, after a seven-month delay by agreeing not to stock 15 items including radishes, ...

UK supermarket group Tesco has announced that Samsung Tesco Homeplus, its South Korean joint venture with Samsung Corporation, is to acquire twelve stores from Aram Mart, which operates in and around ...

HONG KONG/SEOUL, Aug 24 (Reuters) - UBS is backing one of three consortia that submitted bids of around 7 trillion won ($5.81 billion) in the buyout of British retailer Tesco Plc's South Korean unit ...

Tesco withdrew from the Korean market in September 2015. The withdrawal of Tesco has not generally been seen as being due to management failure, but instead as a strategic reallocation of resources by ...

(1) Making purchases at a website. See virtual store. (2) Selecting items for delivery via smartphones. In 2011, Tesco Homeplus opened a virtual supermarket in a South Korean subway station that ...