ADVERTISEMENT

Tesco rejects report that it is closing Hungarian HQ

Deals

U.K.-based supermarket chain Tesco rejected todayʼs report by Hungarian government-friendly daily Magyar Idők that Tesco was planning to shut down its headquarters in Budaörs within a year.

“There are no plans to close the Budaörs head office,” Tescoʼs press office said in a statement sent to the Budapest Business Journal. “We confirmed back in October that the portfolio review of our retail businesses, announced earlier in 2015, was complete. Our Group CEO has reconfirmed again in June that Tesco would remain committed to developing our businesses in Central Europe, including Hungary for the future.” 

Magyar Idők reported today, based on an unnamed source, that Tesco would be closing its headquarters.

Tesco announced a year ago that it put its businesses in Hungary, Poland, Slovakia and the Czech Republic under the aegis of Tesco Europa to rationalize operations, the paper noted.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.