LONDON (FNS) -- Tesco here plans to open at least 20 stores in Hungary over the next five years. The expansion strategy is tied to Tesco's $24.3 million purchase of a majority stake in Hungarian food retailer Global last June. A Tesco spokesman said the company also plans to convert the Global stores it acquired to Tescos. There are 45 Global stores in northwest Hungary covering a total of more than 100,000 square feet of selling space. Tesco said the Global investment represented an ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.