Locked content Tesco will close 13 stores in Poland

British supermarket chain Tesco confirmed on Thursday that it plans to close 13 loss-making stores in Poland and liquidate up to 2,200 workplaces. The company has informed employees, trade unions, and relevant labor offices about the plan, Tesco press-service said. Tesco also said that it plans to s...

Locked content Hilton Food to build €6m plan in Poland after Tesco deal

UK meat packing firm Hilton Food Group will build a €6 million plant in Poland after signing a five-year supply deal with Tesco for the CEE region. The company will deliver pre-packed meat products to Tesco regional stores, such as soups, pizzas, and ready-meals. The new deal is an extension of a pr...

Arcona to acquire Polish retail portfolio

Arcona Property Fund, an investment fund focused on commercial real estate in Central Europe, is to acquire a portfolio of a total of 11 neighborhood shopping centers in ten regional cities in Poland from RECE for EUR25.9 million. The fund expects to finalize the acquisition of the first eight asset...

Tesco distribution center opened near Poznań

Retailer Tesco has officially opened a new distribution center located within the Segro Logistics Park Poznań, Komorniki in the Poznań area. The built-to-suit center comprises 30,200 sqm of space and will house approximately 12,300 products, with 400 new jobs eventually expected to be created in the...

Locked content Tesco: redundancies covering 10 supermarkets

On June 28, the NSZZ “Solidarność” ( a nationwide trade union) received information of redundancies in 7 of Tescos’ supermarkets in Poland. Now, as of August, 3 more supermarkets are said to be involved in the operation. The causes are said to be economical, and Tesco Poland declared offering workpl...

Locked content Tesco CEO: No plan to sell Polish assets

Tesco CEO Dave Lewis and financial director Alan Stewart slammed rumors that the company will exit the CEE. “We have made a revision of our activities. The decision to sell assets in Southern Korea is part of a broader scenario which says that our assets in the CEE area are key elements of our...

Tesco CEO: we will not leave CEE

John Allan, the chief executive at Tesco Group assured portalspozywczy.pl web portal that the authorities of the retailer are not considering selling more assets, meaning the businesses in the CEE, including Poland.

Tesco to leave CEE?

Following the sale of its South Korean unit, Tesco is considering getting rid of its Central East European business in order to reduce debt, according to Bloomberg’s anonymous sources, yet no decisions have yet been made.