date:Apr 19, 2013
from potential buyers for all or parts of the business. It would take about three months before the sale process was concluded, Mr Clarke said.
Ajay Bhalla, professor of global innovation management at Cass Business School, said that at the root of Tesco's US problems was a failure to understand that the US retail landscape is different from the UK's.
The drive to become ever-bigger, while offering lower prices, had worked for years, but made it difficult for Tesco to change course when needed