The Times of London reports on an interview with Tesco CEO Sir Terry Leahy in which he describes the company’s US expansion as just part of an ambitious global growth strategy, saying that within the next decade Tesco hopes to generate more than half of its annual revenue from non-UK operations. Currently, the UK represents 73 percent of Tesco’s volume.
“We keep looking at everywhere,” Leahy said, noting that India and Russia remain possibilities for the company.
“We keep looking at everywhere,” Leahy said, noting that India and Russia remain possibilities for the company.
- KC's View:
- These sorts of goals shouldn’t be surprising, since Tesco’s UK expansion plans are pretty much limited. After all, the company already owns roughly a third of the retail market there, and is bumping up against the political resistance that is almost inevitable when you have that kind of dominance.
