Britain’s biggest supermarket chain, Tesco is considering the sale of its stores in Thailand and Malaysia.
The company says it is carrying out a strategic review of the businesses after receiving what it called inbound interest
The 2,000 stores which operates under the Tesco Lotus brand is worth more than £7billion.
If a deal is agreed it would mean an almost complete retreat from international markets for the supermarket giant.
The company has started a review of its Asian businesses but no decisions on the future of Tesco Thailand or Malaysia.The operation employs about 60,000 people.
The businesses had combined revenues of £4.9billion in the year ending in February, making a profit of £286million that’s about a fifth of Tesco’s total global profits.
In 2015, the company sold its South Korean unit for $6.1billion and a year later offloaded its Kipa business in Turkey.