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Tesco bids farewell to Poland

18.06.2020 11:15
British supermarket chain Tesco announced on Thursday that it was selling its business in Poland and focusing on other markets in Central Europe.
Photo: Yui Mok
Photo: Yui Mok PAP/PA

The UK giant said it was selling its 301 stores in Poland to Danish retailer Salling Group for a net total of GBP 165 million (PLN 819 m).

Chief executive Dave Lewis said in a statement: "We have seen significant progress in our business in Central Europe, but continue to see market challenges in Poland.”

He added: "Today’s announcement allows us to focus in the region on our business in Czech Republic, Hungary and Slovakia, where we have stronger market positions with good growth prospects.”

(pk)

Source: PAP