LONDON (FNS) -- Tesco here plans to open at least 20 stores in Hungary over the next five years.
The expansion strategy is tied to Tesco's $24.3 million purchase of a majority stake in Hungarian food retailer Global last June.
A Tesco spokesman said the company also plans to convert the Global stores it acquired to Tescos. There are 45 Global stores in northwest Hungary covering a total of more than 100,000 square feet of selling space. Tesco said the Global investment re