Tesco Announces Fresh Wave Of Investments

UK retailer Tesco has announced its plans to invest SKK760mn (US$38.9mn) into its Slovak operations in coming years, as it looks to firm up its presence in this market. Two major projects are planned, the first a shopping mall located in Prievidza and the second a hypermarket in Revuca, eastern Slovakia, with a price tag of SKK200mn (US$10mn). As BMI had reported earlier this year, the company had previously announced a new wave of expansions for the Slovakian market, with plans to open 15 new stores and debut its convenience store format. Given the relatively low grow forecast for the

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