Tesco is reportedly considering exiting continental Europe through the possible sale of its operations in the Czech Republic, Hungary, and Slovakia. According to the Financial Times, which cites sources familiar with the matter, the British group has reportedly appointed financial advisors to explore various strategic options for its business in the three countries, with the aim of concentrating resources and investments on the key markets of the United Kingdom and Ireland.
If the deal goes through, Tesco would abandon its last remaining European markets outside the British Isles. In recent years, the retailer had already divested its operations in Asia, selling its subsidiaries in South Korea, Thailand, and Malaysia as part of a broader plan to streamline its international portfolio.
The Central European operations comprise a total of 561 stores and generated revenues of £4,49 billion, equivalent to approximately €5,26 billion. During the 2025-2026 financial year, the division contributed approximately 4% of the group's overall profit, thus representing a relatively small share of Tesco's business.
The possible divestment would be part of the strategy of focusing on activities considered to be the most profitable and strategic, in a competitive context that sees large retailers committed to optimising their geographical presence and improving profitability.
When asked about the rumors, Tesco did not confirm the existence of negotiations. A company spokesperson simply reiterated that the group's official policy is not to comment on rumors or speculation.
It's currently unclear whether the process will result in a sale of the entire Central European business or other strategic solutions. However, the possibility confirms the British retailer's desire to continue streamlining its international structure, prioritizing markets where it holds a consolidated leadership position.
