Tesco swaps stores and sites with Carrefour

Supermarket group Tesco said today it had agreed to swap six stores and two sites in Taiwan for 15 of French retailer Carrefour…

Supermarket group Tesco said today it had agreed to swap six stores and two sites in Taiwan for 15 of French retailer Carrefour's stores in Slovakia and the Czech Republic.

Tesco said it would pay a net $57.4 million as part of a deal that sees both retailers leaving countries in which they have relatively low market shares to consolidate positions of strength in others.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter