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Feb 15, 2021 · Tesco Stores (Malaysia) Sdn Bhd, which operates around 60 Tesco and Tesco Extra stores nationwide has officially changed its name to Lotuss Stores Malaysia Sdn Bhd.
Feb 15, 2021 · Why is Tesco Malaysia changing its name? Previously known as Tesco Stores (Malaysia) Sdn Bhd, the company sold its businesses in Thailand and Malaysia to Thailand’s CP Group entities. The Malaysia Trade Competition Commission (MTCC) approved Charoen Pokphand’s (CP) acquisition of Tesco Lotus in Malaysia in November 2020.
Feb 16, 2021 · Tesco Malaysia Name Is Now Changed To Lotuss Stores. Goodbye Tesco Malaysia. On the 9th of March 2020, Tesco Malaysia was acquired by Thailand's Charoen Pokphand Retail Development Company(CPRD) with a price tag of RM43.1 billion.
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Feb 17, 2021 · Tesco Malaysia has recently announced that its stores will soon be rebranded as Lotus's Malaysia. This comes after Tesco had sold its Thailand and Malaysian business to Thailand's CP Group for GBP 8 billion.
Tesco is a household name in Malaysia, one of the biggest supermarkets in the world and the country with over 59 branches around peninsular Malaysia in KL, Selangor, Johor, Penang, Negeri Sembilan, Perak, Kedah, Malacca, and Kelantan; and thousands of stores worldwide.
