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Aeon to take 50 pct stake in Tesco's Japan ops
June 18, 2012 / 6:46 AM / 5 years ago

Aeon to take 50 pct stake in Tesco's Japan ops

TOKYO, June 18 (Reuters) - Japan’s No.2 general retailer Aeon Corp said on Monday it will take a 50 percent stake in the Japan business of British supermarket giant Tesco Plc for a nominal sum.

Tesco, the world’s third-biggest retailer, put its loss-making Japanese business up for sale last August, ending an eight-year attempt to break into a retail market that has proved tough for foreign retailers to crack.

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