UK supermarkets were slimming down. Tesco signed off on the previously reported sale of its single biggest international division, Homeplus in South Korea, to an investor consortium headed by MBK Partners.

Tesco is finalising terms for the sale of its single biggest international subsidiary, the Homeplus retail group in South Korea, with revenues in excess of £5bn. Trading there has weaked significantly,

However the sector is now effectively dominated by Tesco, Sainsbury's and the Co-op. In the news this past week: Agencies MDC Partners celebrated - if that's the right word - the exit of founder and

other involved the elevation of supermarket Aldi above Tesco, which slipped ignominiously out of the Top 100 brands. Other "departees" included Yahoo, Prada and UBS. In general, technology and especially

Tesco is preparing to put its branded mobile phone operation, a joint venture with O2, up for sale. It is the largest private label MVNO service in the UK, and a deal could generate "millions of pounds"

Tesco took another step towards the possible sale of its CRM and data analytics division Dunnhumby, which provides data analytics services to several other retailers around the globe along similar lines

expecting a bad set of results from supermarket giant Tesco, but the actual numbers were worse than even the most pessimistic predictions. A huge impairment charge resulted in net pretax losses for the

a local icon in the same style as Tesco in the UK or Walmart in the US. For years, the grocery business has been describing itself as the "Fresh Food People". In a misguided tie-in last weekend with Anzac

creative juices following the departure of the hard-slog Tesco account. The loss of such a client is clearly a big blow financially, but it must be quite a relief not to be wrestling with that pressure

She replaces Matt Davies, who has joined Tesco as UK MD. Her successor at McD has yet to be appointed. Aldi unveiled a new marketing initiative in the UK, one of the German retailer's fastest-growing