Tesco gets nod for sale of Thailand supermarket business

Thailand’s competition regulator has given the nod for British retail giant Tesco to sell its supermarket businesses to the Charoen Pokphand Group, despite monopoly concerns.

The $10.6 billion sale to Thailand’s biggest conglomerate was first flagged in March and also covers Tesco’s operations in Malaysia.

“The majority of commissioners agreed that the merger of those businesses (could create) market dominance… but it’s not a monopoly,” Thailand’s Office of Trade Competition Commission said in a statement on Friday.

The regulator said CP Group is not allowed to pursue other retail merger deals during the next three years.

Thai Retailers and Wholesalers Association president Somchai Pornrattanacharoen, who was on the regulator’s vetting committee, last month publicly expressed concerns that the deal would grant CP Group a monopoly, according to local media.

It is a boomerang sale of sorts — Tesco has nearly 2,000 grocery stores across Thailand which it bought from CP

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Tesco apologized after it claimed sanitary products were ‘non-essential’ and therefore not for sale during lockdown



a person standing in front of a building: person wearing a face mask as a precautionary measure against COVID-19, walks past a Tesco supermarket store in north London on March 31, 2020, as life in Britain continues during the nationwide lockdown to combat the novel coronavirus pandemic. - The novel coronavirus pandemic has so far claimed nearly 38,000 lives worldwide in a health crisis that is rapidly reorganising political power, hammering the global economy and the daily existence of some 3.6 billion people ISABEL INFANTES/AFP via Getty Images


© ISABEL INFANTES/AFP via Getty Images
person wearing a face mask as a precautionary measure against COVID-19, walks past a Tesco supermarket store in north London on March 31, 2020, as life in Britain continues during the nationwide lockdown to combat the novel coronavirus pandemic. – The novel coronavirus pandemic has so far claimed nearly 38,000 lives worldwide in a health crisis that is rapidly reorganising political power, hammering the global economy and the daily existence of some 3.6 billion people ISABEL INFANTES/AFP via Getty Images

  • A Tesco branch refused to sell sanitary products to customers on Monday, with the retailer claiming the items were “non-essential” and therefore off-limits during the country’s strict lockdown.
  • The Welsh government has told retailers selling non-essential items to close, and ordered supermarkets to block off aisles selling non-essential products.
  • The healthcare aisle of one Tesco branch near Cardiff had been cordoned off, and a
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Tesco refused to sell sanitary products over ‘non-essential’ item rule

  • A Tesco branch refused to sell sanitary products to customers on Monday, with the retailer claiming the items were “non-essential” and therefore off-limits during the country’s strict lockdown.
  • The Welsh government has told retailers selling non-essential items to close, and ordered supermarkets to block off aisles selling non-essential products.
  • The healthcare aisle of one Tesco branch near Cardiff had been cordoned off, and a customer was told by Tesco staff that she couldn’t buy sanitary products.
  • Tesco then tweeted: “We have been told by the Welsh Government not to sell these items for the duration of the firebreak lockdown.”
  • Tesco later apologized for the mistake, and said it had cordoned the aisle off because of a burglary.
  • Visit Business Insider’s homepage for more stories.

A branch of British grocery giant Tesco near Cardiff, Wales, refused to sell sanitary products to customers on Monday, claiming they were “non-essential” goods.

The retailer

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