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B7.5bn hinges on favourable rules: Tesco-Lotus waiting for zoning details.
Byline: Sukanya Jitpleecheep
Sep. 30--Tesco, the leading hypermarket chain based in the United Kingdom, will invest at least 7.5 billion baht in its Thai operation next year, the same level as this year, provided that the revised law on retail zoning is favourable to its business.
The investment will be made in all four of the existing retail formats in Thailand -- hypermarkets, Tesco Lotus Express, Value Store and Talad Lotus, according to Jeff Adams, chief executive of Ek-Chai Distribution System Co, the operator of Tesco Lotus hypermarkets.
"Our parent firm in the UK is ready to invest in Thailand, one of our investment priorities in the region …
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Source: HighBeam Research, B7.5bn hinges on favourable rules: Tesco-Lotus waiting for zoning...
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