Let's snook 'em

Friday, December 01, 2006

Makro & Tesco

My guess was correct. As mentioned in my earlier "Makro on sale" posting, Tesco is the successful bidder for Makro outlets. You can read the announcement in the Business Times today. So another retailer is going to leave Malaysia's retail environment. Tesco is going to grow, not tremendously since there are duplication of outlets.

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