Tag: Tesco

Giraffe Restaurant Chain Acquired from Tesco

Giraffe restaurant chain acquired from tesco
Posted on 10 June, 2016 by Chris Grigorovsky under Business News

Owner of Midlands based 2 Sisters Food Group, Ranjit Boparan, is set to add another notch to his menu with the acquisition of the Giraffe restaurant chain from Tesco for an undisclosed sum. Set to take place via Boparan Restaurant Holdings, a... Read More

Tesco sells 14 Development Sites to Meyer Bergman for £250m

Posted on 15 October, 2015 by Kirsten Kennedy under Commercial Sales and Lets

Tesco has agreed to sell a number of mothballed development sites to privately held real estate investment management firm Meyer Bergman. The deal saw Tesco’s property development arm Spenhill offload a total of fourteen sites across London, the South East... Read More

Tesco to close last remaining Homeplus stores

Posted on 16 May, 2015 by Kirsten Kennedy under Business News

As Tesco continues to suffer from the fallout created by the supermarket price war and the write down in value of its UK property values, Chief Executive Dave Lewis has to make a series of increasingly tough decisions to return group finances to the black.... Read More

Tesco Results Fallout: Analyst advises 200 Store closures

Posted on 24 April, 2015 by Kirsten Kennedy under Business News

Earlier this week, the news that Tesco had posted its worst ever set of results and has been forced to write down the value of its property portfolio shocked retail industry watchers. Now, as the fallout continues, analysts are debating ways in which... Read More

Tesco forced to write down Property Values after Worst Result in History

Posted on 22 April, 2015 by Kirsten Kennedy under Business News

Although analysts have recently forecast an upturn in Tesco’s fortunes, the group’s annual trading results released today reveal that the supermarket giant suffered the worst year in its history, having posted a mammoth pre-tax loss which necessitated a... Read More

British Land announces Joint Venture exchange with Tesco

Posted on 20 March, 2015 by Chris Grigorovsky under Business News, Commercial Sales and Lets

British Land has announced that it is has completed a £733 million exchange of its joint venture properties with Tesco. Under the terms of the deal British Land has sold its 50 per cent interest in the joint venture portfolio, which comprises 21... Read More

Supermarket Sales War takes Surprising Turn as Tesco bounces back

Posted on 14 March, 2015 by Kirsten Kennedy under Business News

Only a few months ago, it seemed that Tesco had fallen to an irreversible low – its high profile financial scandal, teamed with many consecutive months of falling sales and a steadily ebbing market share, led many market analysts to wonder whether the... Read More

Tesco and Morrisons benefit as Grocery Sales climb at Fastest Rate since 2008

Posted on 12 February, 2015 by Kirsten Kennedy under Business News, Economy

The supermarket price war has been escalating recently as the traditional leading grocery retailers attempt to win back consumers from discounters such as Aldi and Lidl. While this technique has appeared unsuccessful to date, it seems that two of the Big Four... Read More

Tesco issues Store Closure Hit List

Posted on 29 January, 2015 by Cliff Goodwin under Business News

Tesco's new chief executive, Dave Lewis, has named the 43 stores he is closing as the first phase of his campaign to turn the struggling supermarket around. It's expected at least 2,000 staff will lose their jobs. Already dubbed "Drastic" Dave Lewis by... Read More

Tesco announces 43 Store Closures

Posted on 8 January, 2015 by Kirsten Kennedy under Business News

With the Christmas trading period over, retailers will be turning their minds to the coming year and the ways in which they can best profit from the economic upturn. For Tesco, however, the question is not how to boost profits further but how to prevent a... Read More