Tesco’s Debt Riddle Unresolved After Grocer’s Record Loss
Tesco’s Turnaround Strategy Amid Record Loss
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Tesco Plc left crucial questions unanswered after reporting the biggest loss in the U.K. grocer’s 96-year history.
The struggling supermarket gave little indication of how it will tackle 21.7 billion pounds ($32.6 billion) of debt, leaving open the future of businesses such as the Dunnhumby data-analytics unit, one of a number of disposal candidates. A rights offering remains a possibility, even though Chief Executive Officer Dave Lewis sees that as a last resort.