The significant Japanese aspirations of retail giant Tesco appear to be over.
Reuters reports that the supermarket chain has sold 50 per cent of its business to Japan’s second largest retailer Aeon Corp for a nominal sum.
Tesco currently operates 117 stores in the country since paying 32.8bn for the franchise in 2003. They are typically mid-sized and located in out of town areas.
Aeon has over the last five years spent in excess of $775m on a number of retail acquisitions and share purchases.
Tags ben-parfitt japan japanese quit retail tesco
![Lorna Probert COL Credit Diva [Industry news] Diva Agency appoints new Head of Production](https://mcvuk.com/wp-content/uploads/Lorna-Probert-COL_Credit-Diva-310x165.jpg)
Gaming-native agency Diva has hired former commercial head of Aardman Games and Interactive Entertainment Division, Lorna Probert, to head up its Creative and Production agency business. Lorna joins Diva with over 25 years of experience in games, interactive and immersive production, joining Diva's executive leadership team as Head of Production to drive new innovation and operational excellence in the agency’s creative and production services, which deliver campaigns for a global roster of AAA games and entertainment clients.
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