In the News
Divestment - Tesco off loads South Korean stores for £4.2 billion
8th September 2015
Tesco is in a hurry to reduce their debt pile and avoid a costly share rights issue to raise fresh finance. The giant UK retailer is going through turbulent times. Their market share in the UK grocery industry is declining as they are squeezed by the relentless rise of the discount retailers. And they have had to take a giant write-down in the value of their extensive property portfolio, leading to the highest recorded losses in their history.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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