Tesco looks to the East
Tesco has announced what could be the first in a series of joint ventures to increase the company's exposure to the Chinese market, a market which is showing significant growth even in these difficult times. The company will be involved in the building of three shopping malls in northern China which will each be anchored by a Tesco store. The idea is to build 18 so called "hypermarkets" in total which will not only increase brand awareness of Tesco in China but will increase the company's exposure to the largest market on the planet.
It is interesting to see that even in these most difficult of times the likes of Tesco are looking well into the future and increasing their exposure to overseas markets. Many believe that the UK market sector is becoming oversaturated with the likes of Tesco and Asda dominating more and more, leaving smaller companies in their wake. However, it has to be said that UK business achievements in areas such as the US and China have been mixed to say the least in recent times. Whether Tesco will be able to improve upon the reputation of UK companies in China remains to be seen.
Will the likes of Asda, Sainsbury's and Morrisons now look to build upon their own presence in overseas markets?
Share this..
Related stories
Barclays Capital announces job cuts
Barclays Capital, the investment arm of Barclays Bank, has today announced 400 worldwide redundancies despite the fact that the company recently announced significant profits and an increase in funding put aside for bonuses and remuneration packages. It seems that the worldwide economic slowdown is finally beginning to hit the investment banking arena which many people began to think was "bombproo...
Read MoreGermany demands major concessions from Greek authorities
UK stock markets are down heavily this morning on news that the German authorities are demanding ever tougher concessions from the Greek authorities in exchange for a multibillion euro bailout package. There is growing anger and resentment within the investment markets with the European Union and the IMF seemingly moving the goalposts on a regular basis. Recent news from the meeting between the...
Read MoreUK sub-prime mortgages 'booming'
Britain's sub-prime mortgage market grew by 28 per cent in 2006, research from analyst firm Datamonitor suggests.Sub-prime mortgages, which cover individuals unable to secure a mortgage from mainstream providers because of bankruptcy, poor payment records or other reasons, totalled £24.6 billion in 2006 and could reach £31.5 billion by 2011, today's report claims.Datamonitor believes buoyant eco...
Read MoreWill the capital gains tax debacle bring down David Cameron?
There are serious concerns that the UK government's attempts to reorganise the capital gains tax system could backfire spectacularly. It seems as though more and more people will be brought under the capital gains tax umbrella thereby increasing government coffers at the worst possible time. Today we hear news that those in care homes, and potentially forced to sell their homes, could fall under t...
Read MoreUniversity students getting poor value for money
22/05/2014 A third of students paying increased tuition fees of up to £9,000 a year claim their degree course is either poor or very poor value for money. Additionally, only 36% said that their course represented good value for money, in comparison with 52% in 2012. The study which was conducted by the Higher Education Policy Institute (Hepi) and the Higher Education Academy (HEA) also r...
Read More