Lewis likely to sell assets to fund Tesco recovery

London

JUST six weeks into his job, Tesco boss Dave Lewis must look at selling assets in Britain and abroad as he battles to raise funds to pull the world's No 3 grocer out of the deepest crisis in its 95-year history.

Trading at the British retailer has deteriorated to such an extent that its debt and ballooning pension deficit mean it could do with more cash. And that's even before it starts to consider the cost of a plan to revive sales.