Tesco is market leader in the U.K. and Ireland with additional stores in the Czech Republic, Slovakia, Hungary and Poland.
The announcement comes less than a week after another British retailer, Boots Co., announced plans May 13 to open 40 stores in Thailand in the next two years. The retailer and pharmacy group currently operates six sites in Bangkok and Pattaya on trial since last year.
British food, clothing and household goods chain Marks & Spencer, has long been active in Asia, with retail sites in Thailand, Singapore, Philippines, Indonesia, Malaysia and Hong Kong.
Copyright May 1998, Crain Communications Inc.