Tesco to further retreat global ops, plans sale of Thailand, Malaysia biz

The company said the review was at an early stage and gave no details of the approaches received.

Britain's biggest retailer, Tesco, has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.

Celebrating its 100th anniversary, Tesco is five years into a UK-focused recovery plan launched by Chief Executive Dave Lewis after an accounting scandal capped a dramatic downturn in trading.

In October Lewis declared Tesco's turnaround complete and said he would step down next summer.

"Tesco confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including