Image: European Business MagazineTesco Isn't Leaving Europe. It's Leaving Viktor Orbán.
• Tesco is selling its Central European arm, specifically its operations in Hungary, due to narrow profit margins of 2.5% compared to 4.7% in its home market. • The exit is driven by a Hungarian government decree that caps margins, making the business financially unattractive for Tesco. • The sale is significant because most Western buyers will still face these margin caps, suggesting the eventual buyer may be a politically exempt entity.
europeanbusinessmagazine.com