Tesco expands in Thailand
Tesco, Britain's biggest retailer, plans to extend its reach in Thailand with the addition of new hypermarkets and about 60 convenience stores. The group, which already operates 260 Tesco Lotus convenience outlets, said it would spend just over £100 million on expanding in Thailand this year. Thailand is Tesco's third largest market in the world.
Darmp Sukontasap, a senior executive of Ek-Chai Distribution System, which operates the Tesco Lotus branches, declined to say how many hypermarkets were in the plan, or exactly how much it cost to open a standard 300 square metre Tesco Lotus Express convenience store.
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