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Tesco in talks to scale down in Turkey as sales slump
date:Feb 24, 2014
Tesco is looking to reduce its exposure to Turkey following underperforming sales, as chief executive Phil Clarke comes under increasing pressure to turn around the embattled retailer.

Britains biggest supermarket chain, which operates in Turkey under the Kipa brand, is understood to have held talks with the London private equity house BC Partners, which is the majority owner of the Migros supermarket group.

Tesco is believed to have sketched out a plan to merge its Turkish assets with those h

12/26 04:08