You are here

Lewis likely to sell assets to fund Tesco recovery

Rights issue an option as new CEO seeks cash to cut debt, pay for turnaround strategy

CHAINED: The world's No 3 grocer is facing its deepest crisis in its 95-year history.


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

Market voices on:

Powered by GET.comGetCom