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 Retailing
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12 Nov 06 04:20
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Tesco suspends Thai expansion over retail row
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Vipin Wilson
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Bangkok, Nov 12: Tesco, Britain's biggest retailer has agreed to cease its expansion in Thailand temporarily amid a row with the country's military-backed government and shop-owners, the commerce ministry said.
The move by Tesco, under fire over its rapid expansion in Thailand's 26 billion dollars retail market, came as some 200 owners of small shops protested against giant supermarkets in northeastern Thailand.
"Tesco Lotus officially informed me that it would stop expansion for 90...
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