OK, I'm not going to ramble on about this, but basically, Tesco has been told that its US business, Fresh & Easy is only going to see disappointment!
Berkshire Hathaway, one of Tesco's biggest shareholders, has raised doubts on Tesco's success in the U.S.
Berkshire Hathaway, one of Tesco's biggest shareholders, has raised doubts on Tesco's success in the U.S.
"I'm not critical, I just think it's difficult to be a new boy," said Charlie Munger, the billionaire vice-chairman of Berkshire. "Tesco is God Almighty in England. But you come into Southern California and you have Trader Joes and CostCo - that's tough competition."
It is predicted that they will only break even towards the end of the 2012-2013 financial year!
They should have asked for my opinion...
It is predicted that they will only break even towards the end of the 2012-2013 financial year!
They should have asked for my opinion...
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