Tesco denies press report on exit plans from Hungary

We have emphasised a number of times earlier that the portfolio review aimed at the restructuring of Tesco Group has been completed

, Tesco’s press department told Portfolio after the press report today.Tesco Group CEO Dave Lewis reaffirmed in June that Tesco remains committed to developing the group both in Central Europe and in Hungary.

Tesco does not plan to discontinue or close its central office in Budaörs, the company said in an e-mailed response to Portfolio.

Magyar Idők reported that Tesco had plans to close its Budaörs HQ within a year, as it is preparing its exit from Hungary. This is not the first time such a rumour surfaces in the local press, but Tesco flatly denied these reports every time.

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