Headlines in the influential Slovak daily SME claim that Tesco is considering leaving Slovakia. However, the paper only cites a single, unnamed “investor” as its source. Tesco has not commented on the speculation, but the rumors seem to be a reflection of the turmoil the UK chain has found itself in in recent months.
SME quotes the off-record source as saying that the Tesco’s Slovak activities could be offered in a package including its Hungarian, Czech and Polish operations. Selling the national networks is another option, according to the source. The sale is reportedly part of a new strategy focused on the chain’s recovery. The source said another option for Tesco was that it could stay in Slovakia and just offload its unsuccessful stores.
