SEOUL, Sept. 8 (Korea Bizwire) — A consortium led by Seoul-based private equity fund MBK Partners clinched a 7.2 trillion won (US$5.98 billion) deal to acquire U.K.-based retail giant Tesco Plc‘s Korean unit, marking the nation’s largest takeover deal. MBK said it struck the stock purchase agreement with Tesco in Hong Kong a week after [...]
SEOUL, March 24 (Korea Bizwire) — The Korea National Council of Consumer Organizations has sent a letter of inquiry to the OECD to investigate Tesco-owned supermarket Homeplus over allegations that the company sold customers’ private information to insurance firms, according to a statement on March 23. The council claimed that Homeplus and its parent company Tesco [...]
SEOUL, Nov. 22 (Korea Bizwire) – Londoners will now have the chance to taste Korean foods such as ramyun (also known as ramen in Japanese), kimchi, bulgogi and Korean alcohol soju at Tesco stores by December 2. The 4th Korean Food Exhibitions are being held at 62 Tesco stores in Britain until December 2nd, and [...]