Tesco is reported to be looking at a wide-ranging sale of assets as new chief executive Dave Lewis takes to axe to the company’s cost base.
It is thought to be looking at reducing the number of UK offices from 23, and streamlining its head-office staff.
Alongside this is a proposed sale, partial sale or float of it’s asian businesses. Tesco’s Thai business is reported to be worth £5bn-£6.5bn, while the Korean business could be worth £2.5bn.
FT Weekend, 13
