TESCO SEEKS TO INCREASE OVERSEAS PRESENCE

CHESHUNT, England (FNS) -- Tesco plc here wants to be a major international player.The U.K.'s largest food retailer last week outlined plans to have 45% of its selling space and $7 billion of its sales in key overseas markets by the year 2002."Tesco is moving from being a domestic player to being an international retailer of real scale giving us a strong position in the league of major international

CHESHUNT, England (FNS) -- Tesco plc here wants to be a major international player.

The U.K.'s largest food retailer last week outlined plans to have 45% of its selling space and $7 billion of its sales in key overseas markets by the year 2002.

"Tesco is moving from being a domestic player to being an international retailer of real scale giving us a strong position in the league of major international retailers," Terry Leahy, Tesco's chief executive, said.

Industr

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