Tesco retreats from Europe with £1.5bn sale of Czech and Slovak divisions

Business

• Source: City AM
• Category: • Tesco, the UK's largest grocer, is selling its operations in the Czech Republic and Slovakia to Ahold Delhaize for €1.7bn (£1.5bn). • The deal marks the company's latest retreat from the global expansion it pursued in recent decades. • Chief executive Ken Murphy said the move would help Tesco ramp up its focus on the UK market, where grocers are battling to keep prices down amid rising energy and supply chain costs.
• Published: 30 Oct 2026