CURRENTS STATUS OF TESCO OPERATIONS IN INDIA

Tesco confirms joint venture with Tata in India

Reuters Fri 21 Mar, 2014 5:54 PM IST
LONDON (Reuters) - Britain's Tesco (LSE:TSCO.L - News) has sealed a joint venture
agreement with a unit of Tata Group that will see it invest $140 million and become the
first foreign supermarket to enter the country's $500 billion pounds retail sector.
Tesco said on Friday that following receipt of approval from the Indian Foreign
Investment Promotion Board, it has entered into a deal with Trent Limited
(NSI:TRENT.NS - News) to form a 50:50 joint venture with the operator of the Star
Bazaar retail business, Trent Hypermarket Limited (THL).

22 January, 2015

Tesco launches new online supplier community

Tesco has launched a new interactive platform to boost collaboration, innovation and
sustainability across its suppliers. The Tesco Supplier Network will help over 5000
members from across the world share the opportunities and challenges of delivering
high quality, affordable and sustainable products to Tescos customers. Members will
be able to connect directly with Tesco teams, learn more about Tesco and learn from
each other on issues such as energy, food waste or innovation
This new community of Tesco teams, suppliers and producers from around the world
gives us the opportunity to improve communication, share ideas and continually
improve the products that our customers enjoy. The Network will play an integral part in
our partnerships with suppliers to deliver for our customers.
Notes to editors:

The Tesco funded site brings together two pre-existing communities; the Tesco
Producer Network, which served fresh food producers, and the Tesco Knowledge Hub,
which was open to branded manufacturing and processing suppliers

Tesco to open 6-8 multi-brand stores in India this year

UK-based Tesco is chalking out expansion plans, are waiting for a positive signal from
the Narendra Modi-led central government before moving ahead with their plans for the
Indian multi-brand retail sector. The company, in equal partnership with the Tata group's
Trent, is working on opening six to eight new stores in Maharashtra and Karnataka
under three of its formats this financial year, informs a source aware of the plans.
THL, which currently runs 12 stores across Maharashtra and Karnataka, would open
stores of 1,000 sq ft to 30,000 sq ft in Pune, Mumbai and Bangalore under Star
Bazaar, Star Market and Star Daily formats, depending on location and size of the
properties available, the source said. "Since they have distribution centres in Mumbai
and Bangalore, it makes sense to penetrate those cities deeper."
EXPANSION MODE
Tesco-Trent's store-rollout road map

Plan: Adding six to eight stores to its 12 at present

Size of outlets: 1,000 sq ft to 30,000 sq ft

Location: Focus to be on Pune, Mumbai and Bangalore

Formats: Star Bazaar, Star Market, Star Daily

Change: Wider isle, better assortment

15 January, 2015

 Tesco confirms appointment of two agencies

Tesco Chief Executive, Dave Lewis, today confirmed the appointment of two companies
-

BBH

and

Blue

Rubicon

to

work

with

the

Group's

leadership.

He said: "We are assembling a small team of world class advisers to work on the
turnaround of our reputation and brand. BBH is an outstanding creative agency with an
exceptional track record. It will focus on advertising and customer relationship marketing
led by CEO, Neil Munn.

8 January, 2015

Hundreds of branded products now cheaper at Tesco

Simpler, lower, stable prices introduced from 8th January

Hundreds of the nations favourite branded products are now cheaper at Tesco

Average price reduction of 25%

New lower prices will apply across all store formats

Tesco has today cut prices on hundreds of branded products in response to demands
from customers for simpler, lower and more stable prices.

Tesco files application for setting up retail outlets in

India

Recently Star Bazaar, with Tesco's help, rolled out its first minisupermarket in the
western Indian state of Pune as the British retailer looked to figure out a retail format
that will work in India, two sources with direct knowledge of the matter told Reuters.

India hub gives Tesco stores robotic technology leg-up

About 8,000 km away from the headquarters of Tesco, the worlds third largest retailer
by sales, a group of information technology (IT) professionals is at work to make
robotics a part of grocery shopping across the UK chains stores worldwide.
The campus of Tesco HSC (Hindustan Service Centre) is spread on 15 acres in
Whitefield, the IT hub on the outskirts of Bangalore for multinational corporations.
Experimenting is on with robotics and internet-enabled clothing, as well as wearable
devices, in a highly secretive environment. The place provides about three-fourths of
the technology and innovation knowhow to stores and businesses run globally by the
Cheshunt (UK)-based grocery and general merchandise major, for multi-channel
shopping.

Popular Locations for Tesco HSC

Regulatory Update
Tesco confirms that it has been notified by the Serious Fraud Office that it has
commenced an investigation into accounting practices at the company. Tesco has been
cooperating fully with the SFO and will continue to do so. Tesco has been notified by the
Financial Conduct Authority that, in light of the SFO investigation, its investigation will be
discontinued.

Tesco kicks off fightback with cost cuts and asset sales
Tesco will slash costs and sell assets to fund lower prices and mend its finances,
Britain's biggest retailer said on Thursday, as its new boss set out his plan to fight back
from years of market share losses and an accounting scandal.
Dave Lewis, poached from Unilever to rescue Tesco from the biggest crisis in its 96year history, said on Thursday he would halve capital spending, scrap the dividend,

consider the sale of the Dunnhumby data gathering business, consolidate head office
locations and shut the final salary pension scheme to save cash.