date:Aug 12, 2013
ectively paying Aeon Corp (8267.T), the country's No.2 general retailer, to take its loss-making business there off its hands.
At home, where Tesco makes about two thirds of its revenues, it is pumping 1 billion pounds into store revamps and new food ranges to revitalize a business that lost ground to rivals and suffered from weak demand for general merchandise, as cash-strapped Britons cut back on discretionary spend.
In China, where Tesco makes around 2 percent of sales, the hypermarket indu