date:Aug 12, 2013
was effectively a surrender by Tesco, showing the difficulty foreign companies have in negotiating with suppliers and regulators in a fast-growing but tricky market.
This may look win-win, but in reality, Tesco is saying 'I can't figure out China', said one Hong Kong-based MA banker.
Tesco has been struggling in China and has been losing money. Similar to Carrefour, they had issues in their home market which they had to resolve, he said.
Tesco is expected to pay CRE a few hundred million poun